M&A

Newmont stiches up royalty assets sale

MAJOR gold company Newmont Mining has confirmed that it has sold its royalty assets and other non-core investments to Franco-Nevada Corporation in a deal valued at some $US1.3 billion ($A1.5 billion).

MiningNews.Net

Newmont stiches up royalty assets sale

The Colorado-based company expects a pre-tax gain of around $US900 million in the fourth quarter in connection with the sale, based on current exchange rates. Newmont first flagged the sale in November,...

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