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Newmont to sell Eleonore gold mine for $795 million, advancing asset divestment plan
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Newmont to sell Eleonore gold mine for $795 million, advancing asset divestment plan
Nov 25, 2024 5:34 AM

Nov 25 (Reuters) - Newmont ( NEM ) said on Monday it

would sell its Eleonore mine in Canada to UK-based miner Dhilmar

Ltd for $795 million in cash, as the world's largest gold miner

continues with its plans to divest non-core assets.

Newmont ( NEM ) said the deal, along with other sales it announced

in 2024, would help it raise $3.6 billion.

The gold miner had set a target of generating more than

$2 billion through asset sales following its $17 billion

purchase of Newcrest in 2023.

The transaction is expected to close in the first

quarter.

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