Newmont to acquire remaining stake in yanacocha

Denver--(business wire)--newmont corporation (nyse: nem, tsx: ngt) has announced that it will acquire the remaining 5% interest in yanacocha from sumitomo corporation for $48 million. the transaction is expected to close in the second quarter, making newmont the exclusive owner-operator of this world-class asset. this announcement follows an announcement in february 2022, in which newmont acquired buenaventura's 43.65% interest in minera yanacocha. “this transaction gives newmont full equity ow
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