Newmont Corporation Announces $470 Million Sale of Shares in Greatland Resources and Discovery Silver, Achieving Strong Returns
Reuters
Jul 16, 2025
<a href="https://laohu8.com/S/NEMCL">Newmont Corporation</a> Announces $470 Million Sale of Shares in Greatland Resources and <a href="https://laohu8.com/S/DSVSF">Discovery Silver</a>, Achieving Strong Returns
Newmont Corporation has announced the successful execution of agreements for the sale of its shares in Greatland Resources Limited and Discovery Silver Corp, expected to generate approximately $470 million in net proceeds. The sales are a part of Newmont's strategy to divest non-core assets and enhance its portfolio of gold and copper operations. The Discovery shares, divested in May and July 2025, were originally obtained through the Porcupine mine transaction, marking a 200% return on investment. Meanwhile, the Greatland shares, divested in June 2025, originated from the Telfer-Havieron transaction, achieving a 230% return. This move aligns with Newmont's goal to generate $3.0 billion in after-tax cash proceeds by 2025, supporting its capital allocation priorities.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Newmont Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20250715540624) on July 15, 2025, and is solely responsible for the information contained therein.
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