Newmont Corporation announced on April 15, 2025, the finalization of the sales of its Akyem operation in Ghana and its Porcupine operation in Canada. With these transactions now closed, Newmont has successfully completed its non-core asset divestiture program, initially announced in February 2024.
The completion of these sales generated total after-tax cash proceeds of approximately $850 million before closing adjustments. As part of the Porcupine transaction, Newmont's subsidiary, Goldcorp Inc., now beneficially owns approximately 15% of Discovery Silver Corp.'s common shares.
This strategic milestone means Newmont has divested all six of its non-core operating sites from the program. The total gross proceeds from announced divestitures are expected to reach up to $4.3 billion, reinforcing Newmont's commitment to strengthening its balance sheet and returning capital to shareholders through ongoing share repurchases.
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