Newmont’s (ASX:NEM) 3QFY24 performance and sale of non-core assets set stage for 2025.

Tue 26 Nov 24, 12:58 AM | Team Kalkine

Image source: Shutterstock

Highlights

Newmont Corporation (ASX:NEM) is a gold production company that is also engaged in the production of silver, lead, zinc and copper. Today (26 November 2024), NEM shared an update regarding the sale of its Eleonore operation in Canada to Dhilmar Ltd, a UK-based private company for cash consideration of USD 795 million. This agreement is part of the company’s strategy to divest its non-core assets. The sale is anticipated to be completed by the first quarter of 2025.

Recent financial performance of NEM

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