Newmont Gains 0.79 as $100M Akyem Payment Boosts $770M Proceeds Stock Ranks 183rd in $700M Trading Volume

On August 1, 2025, Newmont (NEM) closed with a 0.79% gain, trading with a daily volume of $700 million, ranking 183rd in market activity. The stock’s performance followed a key development in its asset divestiture strategy. Ghana’s ratification of the Akyem East Mining Lease renewal triggered a $100 million payment from Zijin Mining Group, marking a milestone in Newmont’s ongoing asset optimization efforts. This payment brings total after-tax proceeds from the Akyem sale to $770 million, reinforcing the company’s capital allocation priorities of debt reduction and shareholder returns.

The transaction aligns with Newmont’s broader 2025 divestiture program, which now anticipates $3.1 billion in after-tax proceeds. This includes $2.6 billion from asset sales and an additional $470 million from equity share disposals. The updated guidance underscores management’s focus on liquidity generation, with proceeds directed toward strengthening the balance sheet and enhancing capital efficiency. The Akyem deal’s finalization also reflects strategic alignment with Zijin, streamlining operational focus while securing long-term financial flexibility.

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