Newmont Completes Non-Core Asset Divestiture Program

Newmont has completed its 2024 divestiture program with the sale of its Akyem (Ghana) and Porcupine (Canada) operations. The total after-tax cash proceeds from these two sales are approximately $850 million. In total, Newmont expects to receive up to $4.3 billion from all divestitures in 2025, including $3.8 billion from non-core assets and $527 million from other investments.

As part of the Porcupine sale, Newmont received a 15% equity stake in Discovery Silver Corp., through 119.7 million common shares.

Newmont intends to use proceeds to strengthen its balance sheet and continue shareholder returns, including share repurchases. The Coffee development project remains held for sale, with no agreement yet reached.

Newmont continues to operate as the world’s leading gold producer, with a diversified portfolio across favorable mining jurisdictions.