05:52 AM EDT, 07/16/2025 (MT Newswires) -- Newmont ( NEM ) said late Tuesday it has executed agreements to sell shares in Greatland Resources and Discovery Silver for a combined net cash consideration of about $470 million.

Newmont ( NEM ) now expects to generate $3 billion in posttax cash proceeds from its divestiture program this year, it said.

Following the divestiture, the company's remaining equity stake in Greatland Resources is about 9.9%. Newmont ( NEM ) said it will no longer own shares in Discovery Silver.