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Highlights

  • Newmont to receive approximately AUD 708 million (USD 470 million) in net proceeds from equity sales in Greatland Resources and Discovery Silver.

  • The transactions reflect a 230% return on Greatland shares and a 200% return on Discovery shares.

  • Proceeds support Newmont’s 2025 capital allocation goals, including debt reduction and shareholder returns.

Newmont Corporation (ASX:NEM) has executed agreements to divest its equity holdings in Greatland Resources Limited and Discovery Silver Corp, generating approximately USD 470 million (AUD 708 million) in net proceeds. The funds, net of taxes and commissions, were realised through sales conducted in collaboration with both companies between May and July 2025.

The equity positions in both Greatland and Discovery were initially received by Newmont as part of asset divestiture transactions in 2024 and 2025, respectively. The company’s strategy of streamlining its equity portfolio aligns with its broader focus on optimising its global gold and copper asset base while supporting its 2025 capital allocation priorities.

Equity Divestments Reflect Significant Return on Asset Transactions

Newmont’s equity sale in Greatland Resources followed the 2024 divestment of the Telfer operation and the company’s 70% interest in the Havieron gold-copper project. In June 2025, Newmont sold half of its Greatland shares, which were received as part of that transaction. The sale reflects a 230% return on the originally assigned value during the Telfer-Havieron transaction. After the divestment, Newmont retains a 9.9% equity stake in Greatland.

Similarly, Newmont’s divestment of its entire stake in Discovery Silver Corp occurred in May and July 2025, following the sale of its Porcupine mine to Discovery earlier this year. The equity sale resulted in an approximate 200% return relative to the valuation at the time of the Porcupine transaction. As part of the arrangement, Discovery Silver waived certain Investor Rights Agreement provisions to facilitate the sale. Once the July settlement is completed, Newmont will no longer hold any equity in Discovery.

Proceeds to Support 2025 Financial Objectives

The AUD 708 million proceeds from the share sales will contribute to Newmont’s goal of generating USD 3.0 billion in after-tax cash proceeds from its 2025 divestiture program. These funds will be allocated toward boosting the company’s balance sheet and delivering shareholder returns, consistent with Newmont’s capital management strategy.

Newmont continues to operate a diversified global portfolio of long-life assets across multiple continents. With operations in Africa, Australia, Latin America, North America, and Papua New Guinea, the company remains focused on producing gold, copper, zinc, lead, and silver in mining jurisdictions with favourable operating conditions.

At the time of writing on 16 July 2025, Newmont shares were trading 4.34% lower at AUD 88.99 per share on the ASX.