DENVER, November 18, 2024 -- ( BUSINESS WIRE )-- Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) ("Newmont" or the "Company") announced today that it has agreed to sell its Musselwhite operation in Ontario, Canada, to Orla Mining Ltd ("Orla") for up to $850 million in total consideration.

Gold miner Newmont has reached an agreement to sell its Musselwhite mine to TSX-listed Orla Mining for up to $850-million. The transaction, announced on Monday, marks the first sale of several Canadian assets that the US-based gold miner has identified for divestment.

Orla Mining OLA-T +3.35% will buy the Musselwhite Gold Mine in Ontario from Newmont N/A in a deal valued at $850-million that will help more than double its production of the precious metal, the Canadian miner said on Monday.

Newmont agrees to sell Musselwhite mine in Ontario for up to $850M to Orla Mining, as part of its asset divestment strategy.

Newmont Corp. agreed to sell its Musselwhite gold mine in Ontario to Orla Mining Ltd. for up to $850 million as part of a divestment campaign designed to boost shareholder returns.Most Read from BloombergIn Cleveland,

Investing.com - Goldminer Newmont Goldcorp Corp (NYSE:NEM) shares gained on Monday following the sale of its Musselwhite gold mine to Orla Mining Ltd (NYSE:ORLA)in a deal valued at $850 million. RBC (TSX:RY) Capital Markets,