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Benzinga
Benzinga
Business
Stjepan Kalinic

Newmont Sells Mine For $795 Million, Barrick Expands Reserves; Top Miners Unfazed By Underperformance

Gold producer Newmont Corporation (NYSE:NEM) sold its Éléonore mine in Quebec Tuesday to London-based Dhilmar for $795 million in cash.

The sale follows Newmont's strategy to divest non-core assets following its milestone acquisition of Newcrest Mining in 2023.

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