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Benzinga
Benzinga
Business
Akanksha Bakshi

Newmont Walks Away From Orla With $900 Million Cash Boost

Stuttgart,,Germany,-,01-29-2022:,Person,Holding,Cellphone,With,Logo,Of

Newmont Corp. (NYSE:NEM) (TSX:NGT) said it has sold its entire stake in Orla Mining Ltd. (NYSE:ORLA), raising nearly $900 million in after-tax proceeds.

The miner disposed of 43 million shares on the Toronto Stock Exchange at US$10.14 each, or C$14.00, for gross proceeds of $439 million.

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