Newmont earns US$218m from Kinross sell down

NEWMONT Mining said it had sold 28 million of the 43.2 million shares it holds in Canada’s Kinross Gold.

Newmont earns US$218m from Kinross sell down Newmont earns US$218m from Kinross sell down Newmont earns US$218m from Kinross sell down Newmont earns US$218m from Kinross sell down Newmont earns US$218m from Kinross sell down

The exit, which had been agreed with Kinross, earned Newmont US$218 million with the shares going to a syndicate of brokers and investors.

Newmont has been left with a residual 4.9% stake in Kinross.

loader