08:31 AM EST, 01/27/2025 (MT Newswires) -- Newmont ( NEM ) said Monday that it has agreed to sell its Porcupine operation in Ontario, Canada to Discovery Silver for up to $425 million.

The company said the deal price consists of a $200 million in cash, $150 million in deferred cash consideration, and $75 million in Discovery Silver shares.

The acquisition is expected to close in H1.