Newman Mining (NEM.US) to sell Ontario Gold mine to Orla Mining (ORLA.US) for up to $850 million
Monday, Nov 18, 2024 8:40 am ET
Newman Mining (NEM.US) said on Monday it agreed to sell its Musselwhite gold mine in Ontario to Orla Mining (ORLA.US) for $850 million, including a $810 million cash upfront payment and a $40 million contingent payment linked to gold prices.