Newmont Completes $4 Billion Asset Divesture Program

While junior explorers and developers have rushed over the last twelve months to secure a spot at the table for the ongoing gold rush, the world’s largest gold miner had a different plan.

They wanted to divest assets. And not just piddly little operations either. No, they wanted to get rid of about 1.2 million ounces a year of annual production. Enough production that on a combined basis, would basically equate to a major gold producers worth of annual production.

Why?

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Let’s dive in.


Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

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