Incoming Newmont CEO says no ‘fire sale’ coming for assets

Newmont Goldcorp is ready to sit tight on asset sales, even if that means not reaching a previously announced goal of as much as $1.5-billion in divestments.

That’s according to Tom Palmer, the company’s incoming CEO. The world’s largest gold producer will be focusing on optimising its current assets and is happy overall with its portfolio, other than a previously announced sale of Red Lake in Canada, he said.