Newmont completes $2.7b sale of three North American assets
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The news: Gold miner Newmont Corporation has completed the sale of three North American mining assets, finalising deals announced late last year.
The numbers: The divestment of the three non-core assets have generated total after-tax cash proceeds of USD1.7 billion ($2.7 billion).
The context: The assets comprise Newmont's Musselwhite and Éléonore operations in Canada, and its Cripple Creek & Victor operation in Colorado.
The company also expects to close the sale of its Akyem operation in Ghana and its Porcupine operation in Canada during the first half of the year, for expected gross proceeds of USD1.4 billion.
In February last year, Newmont announced its intention to divest its non-core assets, including six operations and two projects from its Australian, Ghanaian and North American business units.
The source: ASX
