Newmont Corp. will sell its Porcupine gold mine in Ontario for as much as $425 million as it wraps up its plan to offload assets following its acquisition of Newcrest Mining Ltd.
Brenda O'Connor Juanas, senior vice president and financial advisor at UBS, talks about gold's consistently strong outlook.
-- Porcupine was among several so-called tier-two assets that Newmont offered for sale last year, and the disposal brings total proceeds from the divestment campaign to $4.3 billion, the Denver-based mining company said Monday. It will sell the operation to Discovery Silver Corp. and expects the deal to close in the first half of 2025.
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