Newmont Corporation completes its non-core divestiture program
Goodmans LLP acted as primary counsel to Newmont Corporation on 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.
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.
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