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Benzinga
Benzinga
Business
Lekha Gupta

Newmont Sells Colorado Mine For $275 Million, Refocuses On Gold, Copper

Newmont Gold Colorado copper NEM Newmont Corporation Mining

Newmont Corporation (NYSE:NEM) disclosed the sale of its Cripple Creek & Victor operation in Colorado to SSR Mining Inc. for up to $275 million in cash.

As per the terms of the agreement, Newmont will receive up to $275 million in gross proceeds. This includes $100 million in cash, payable at closing.

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