Newmont sells Éléonore mine in Canada for $795m
The world’s largest gold miner, Newmont, announced on Monday that it had agreed to sell its Éléonore mine in Quebec, Canada, to UK-based private mining firm Dhilmar for $795-million in cash. The transaction marks another step in Newmont’s ongoing divestiture programme,
Newmont Selling Quebec Gold Mine for $795M as Miner Continues Exit From Non-Core Assets
Newmont is selling a big gold mine in northern Canada for $795 million in cash, building on its plans to shed unwanted assets following its takeover of Australia's Newcrest in what was the biggest-ever M&A deal in the gold-mining industry.
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The Éléonore sale follows Newmont's strategy to divest non-core assets following its milestone acquisition of Newcrest Mining ...
Newmont's recent asset divestitures, including the Eleonore mine sale, are part of a strategy to optimize its portfolio. Read ...
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