Newmont has agreed to sell its Cripple Creek & Victor operation in Colorado to SSR Mining for up to $275 million in cash consideration. The mine is expected to add 170,000 ounces in annual gold production to SSR’s platform. Full story.
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Newmont has agreed to sell its Éléonore operation in Northern Quebec, Canada, to UK-based Dhilmar for $795 million in cash consideration as part of the miner’s plan to divest its non-core assets. Full story.
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Newmont has agreed to sell its Musselwhite gold mine in Ontario, Canada, to Vancouver-based Orla Mining for up to US$850 million in total consideration. Full story.
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Newmont confirmed its Cadia operation in Orange, New South Wales, Australia has achieved The Copper Mark and The Molybdenum Mark following an independent assessment that recognised the responsible production practices at Australia’s largest underground mine. Cadia, Newmont’s first site globally to receive the award, successfully met more than 30 criteria needed in critical areas including environment, community, human rights and…
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Newmont said it is expanding its use of next-generation 5G wireless networks to improve mine safety following trial results from its Cadia underground operation in New South Wales, Australia. Before the trial with Ericsson and Telstra Purple, Newmont said Cadia was limited to upload speeds of 20-30 megabits per second using Wi-Fi to operate autonomous equipment such as ore loaders…
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Newmont recently selected industry veteran Francois Hardy to serve as its chief technology officer. He takes over for interim CTO Dean Gehring, who had served a dual role as the company’s chief integration officer. Gehring is stepping down from Newmont in early July. Hardy, who is joining the miner’s executive leadership team, will lead the technical work across the business…
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Newmont confirmed that two members of its technical services team died at the Cerro Negro mine in the Santa Cruz region of Argentina on April 9.
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Newmont’s Musselwhite operation, in commercial production since 1997, has achieved a mine life milestone: the pouring of its 8,000th gold doré bar. Full story.
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Newmont has completed the acquisition of Newcrest Mining to create the world’s leading gold company with robust copper production. The transaction strengthens Newmont’s position as a mining leader through the combination of high-quality operations, projects and reserves concentrated in low-risk jurisdictions, including 10 Tier 1 operations to support decades of safe, profitable and responsible gold and copper production. “Today marks…
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U.S.-based Newmont said its shareholders overwhelmingly voted in favor of the proposed acquisition of Australian rival Newcrest Mining. The deal will create a world-class portfolio of gold and copper assets.
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