Newmont announces sale of porcupine operation for up to $425 million

Denver--(business wire)--newmont corporation (nyse: nem, tsx: ngt, asx: nem, pngx: nem) (“newmont” or the “company”) announced today that it has agreed to sell its porcupine operation in ontario, canada to discovery silver corp. (“discovery”) for up to $425 million in total consideration. upon closing the sale of the porcupine operation and the previously announced transactions, newmont will deliver up to $4.3 billion in total proceeds from non-core asset divestitures and investments. the trans.
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