05:07 AM EDT, 08/01/2025 (MT Newswires) -- Newmont ( NEM ) said late Thursday it sold its 29.2 million shares of Orosur Mining in a private deal at 0.19 Canadian dollar ($0.14) per share for gross proceeds of CA$5.5 million.

The company said it held a 9.4% stake in Orosur Mining before the sale.

Following the transaction, it no longer owns any shares in Orosur, the company said, adding that the divestment was made for investment purposes, though Newmont ( NEM ) may consider future re-entry depending on market conditions.