This acquisition is set to significantly expand Orla's gold production capabilities and enhance its free cash flow.

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 Capital Markets,

Newmont (NYSE:NEM) said Monday it agreed to sell its Musselwhite gold mine in Ontario from Orla Mining (ORLA) for as much as $850M, comprised of an up-front cash consideration of $810M and a gold-price linked contingent consideration of $40M.