Newmont Corporation completes its non-core divestiture program

Goodmans LLP acted as primary counsel to Newmont Corporation in connection with various divestitures including: 

(i) the sale of its Musselwhite gold mine, a fly-in-fly-out operation located in Ontario, Canada, to Orla Mining, a public gold exploration company, for US$850 million in cash,

(ii) the sale of its Éléonore operation, a world-class, state-of-the-art facility located in Northern Quebec, Canada, and among the largest gold mines in Quebec, to Dhilmar Ltd., a UK-based private mining company, for US$795 million in cash, and

(iii) the sale of its Porcupine operation near Timmins, ON, Canada, to Discovery Silver, a public precious metals company, for US$425 million in cash.

(iv) the proposed sale of its Coffee Project in Yukon, Canada to Fuerte Metals Corporation for up to US$150 million in total consideration. 

Newmont is the world’s leading gold company and a producer of copper, zinc, lead, and silver, with operations in Africa, Australia, Latin America & Caribbean, North America, and Papua New Guinea.