NewMont complements the sale of assets of $ 425 million, and focuses on the growth of British Columbia – NYSE: NEM), Discovery Silver (OTC: DSVSF)

NewMont Corporation Nem He ended a deal worth $ 425 million to sell the Nus mine in Ontario to Silver discovery DsvsfThus, the conclusion of its withdrawal from the non -basic assets. This sale, which consists of $ 200 million, is cash, $ 75 million in Discovery shares, and $ 150 million of deferred payments, is the latest step in improving the NewMont wallet, focusing on levels 1.

“Today’s announcement is a large milestone and we conclude our abstract program,” He said CEO Neumont Tom Palmer. “The revenues of these non -basic sales, which total $ 4.3 billion, will enable us to reduce debt and return capital to shareholders.”

After acquiring the NewCrest value of $ 19 billion, Newmont launched the Divestiture program in February 2024, selling six operations and two projects across Australia, Ghana and North America.

NEWMON is located in the Timmins Gold Camp camp, NewMont acquired on the pulp as part of the GoldCorp portfolio in 2017. The website includes Mines Hoyle Pond and Pamour, the dome grinding facility, and the newer Borden mine. Together, the complex contributed to an average of 285,000 ounces of gold annually and carries great exploratory capabilities.

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Although the porch is stripped, NewMont continues to maintain a strong presence in Canada. The acquisition of the Nikrites brought two permissible in the Golden Triangle in the British Columbia-the Brussac Golden Ambroach and 70 % stake in the Red Chris Copper-Gold.

NewMont has ambitious plans for Red Chris, including transferring the process to underground cave mining.

“The thing that returns to a mining cave block interview For BIV, indicating an estimate of the cost of $ 2 billion, but low requirements for more capital expenses.

“Once it is operated, the Block Cave project can significantly increase copper production, which enhances the British Columbia site as a global leader in critical minerals.” He added: “We see our presence in British Columbia extending well at the end of this century.”

Long -term plans also include Gallor Kreik The project, which owns 12 billion pounds of copper reserves, is expected to increase copper production in Canada by 35 %. Although this project will start only after Red Chris operates completely, its capabilities in providing critical metals are in line with the direction of global energy transmission, providing a profitable diversification of the leading gold mining company.

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The image created using artificial intelligence via Midjourney.