Newmont Corp. plans to sell Akyem operation in Ghana to Zijin Mining Group for up to $1B, focusing on Tier 1 assets.

Newmont Corp. plans to sell its Akyem operation in Ghana to Zijin Mining Group for up to $1 billion, aligning with its strategy to focus on Tier 1 assets. The deal involves $900 million at closing and an additional $100 million contingent on certain conditions, expected to finalize in Q4 2024 pending regulatory approvals. Proceeds will bolster Newmont's balance sheet and shareholder returns. The sale will not impact the company's 2024 outlook.

October 09, 2024
18 Articles