Global miner Newmont has finalized the previously disclosed sales of its Akyem operation in Ghana and its Porcupine operation in Canada, marking the completion of the miner’s divestiture program announced last February. “Today, I am pleased to announce the successful completion of our non-core asset divestiture program with the sale of Akyem and Porcupine, generating total after-tax cash proceeds of…
Read More
Newmont has agreed to sell its Porcupine gold operation in Ontario, Canada, to Discovery Silver for up to $425 million in total consideration. The transaction is part of the miner’s ongoing program to divest its non-core assets. Full story.
Read More
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.
Read More
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.
Read More
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.
Read More
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…
Read More
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…
Read More
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…
Read More
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.
Read More
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.
Read More