Newmont (TSX: NGT) evidently wanted to take advantage of the recent lift in equity valuations, with the company last night indicating it has already begun the process of monetizing equity that they received through their asset disposition program.
Newmont has entered into agreements to sell off their interests in both Greatland Resources and Discovery Silver for total cash consideration of $470 million.
Greatland Resources in September acquired the Telfer operation as well as the Havieron gold-copper project from Newmont. Total consideration under that transaction was $475 million, of which $167.5 million was settled in the form of equity. Discovery Silver meanwhile in January acquired the Porcupine Complex for $425 million in total consideration, of which equity consideration amounted to $75 million.
READ: Newmont Sells 50.5 Million Shares In Discovery Silver Despite Claimed One-Year Lock-Up Arrangement
Newmont has indicated they saw a return of 230% on the sale of their Greatland Resources shares, with Newmont still retaining a 9.9% equity interest. The company meanwhile saw a 200% return from the sale of all Discovery shares they held, with those shares sold off in two transactions that occurred in May 2025 and July 2025.
With the sale of the equity interests, Newmont now expects to generate $3.0 billion in after-tax cash proceeds from the divestiture program this year.
The company at the same time indicated they remain on track to deliver on 2025 guidance, The announcement followed news breaking earlier in the day that CFO Karyn Ovelmen had resigned unexpectedly from the company, after having been at the company for a little over two years.
Newmont last traded at $78.68 on the TSX.
Information for this briefing was found via the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
