Newmont acquires Yanacocha interest

Newmont has confirmed it has inked a deal with Peruvian precious miner Compañia de Minas Buenaventura to acquire its 43.65% interest in the Minera Yanacocha gold mine in Peru. The $300 million transaction, which also includes contingent payments of up to $100 million hinging upon market pricing, will also allow Newmont to transfer its ownership interest in the La Zanja…

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Newmont selling power business to Northern Star

Northern Star will soon own more power after buying Newmont’s power business from its Australian division for US$95 million. The move comes after the former paid $25 million for a 50% interest in Kalgoorlie Consolidated Gold Mines (KCGM), which afforded it the option to obtain the business from Newmont. Northern Star now has a sale agreement with Newmont Australia to…

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