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Newmont Announces Agreement For Sale Of Éléonore In Northern Quebec, Canada, To Dhilmar Ltd For $795M In Cash

Benzinga ·  Nov 25 21:13

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

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