Newmont Sells Orosur Mining Shares for $5.5 Million

Newmont has sold 29.2 million shares of Orosur Mining for C$0.19 per share, raising C$5.5 million. The sale resulted in Newmont no longer holding any stake in Orosur.

DENVER, July 2, 2025 — Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) has announced the sale of 29,213,186 common shares of Orosur Mining Inc. [1]. The transaction, completed on July 31, 2025, saw Newmont dispose of its shares at a price of C$0.19 per share, raising a total of C$5,550,505.34 [1]. This sale resulted in Newmont no longer holding any stake in Orosur Mining.

Prior to the sale, Newmont held approximately 9.4% of Orosur Mining’s issued and outstanding common shares on a non-diluted basis [1]. The proceeds from the sale are expected to be used for investment purposes, and Newmont may choose to increase its beneficial ownership, control, or direction over Orosur Mining’s shares through various means, depending on market conditions and other relevant factors [1].

Newmont, the world's leading gold company, is known for its robust portfolio of assets, superior execution, and commitment to sustainability. The company operates in favorable mining jurisdictions across Africa, Australia, Latin America, North America, and Papua New Guinea [1]. Newmont’s sustainability strategy and initiatives are available on its official website [1].

References:
[1] https://finance.yahoo.com/news/newmont-corporation-announces-sale-holdings-010200991.html