Newmont

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  November 27, 2024

  Newmont Sells Canadian Gold Mine for $795 Million Following Newcrest Acquisition

  BY Sophia Schmitz
  U.S. mining giant Newmont has agreed to sell its large gold mine in northern Canada for $795 million (123 billion yen) in cash. This move is part of the company’s broader strategy to sell off non-core assets following its acquisition of Australia’s Newcrest Mining, the largest-ever merger and acquisition (M&A) in the gold mining sector....
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  October 24, 2024

  Newmont Reports Biggest Quarterly Profit in Five Years Amid Surging Gold Prices

  BY Lars Jensen
  Newmont, the world’s largest gold producer, reported its highest quarterly profit in five years, driven by a surge in gold prices. Despite the profit jump, shares of the company fell after both sales and earnings missed analysts’ expectations. In the third quarter, the Denver-based company’s net income attributable to shareholders was \$922 million, nearly six...
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