Announced Divestitures to Date Expected to Generate up to $3.6 Billion in Gross Proceeds
Newmont Corporation (NYSE:NEM, TSX:NGT, ASX: NEM, PNGX: NEM))) ("Newmont" or the "Company") announced today that it has agreed to sell its Éléonore operation in Northern Quebec, Canada, to Dhilmar Ltd ("Dhilmar") for $795 million in cash consideration. The transaction is expected to close in the first quarter of 2025, subject to certain conditions being satisfied.1 Upon closing the announced transactions, Newmont will have delivered up to $3.6 billion in gross proceeds from non-core asset divestitures and investment sales.2