NYSE- and TSX-listed Newmont has met its asset divestment goal of $1-billion to $1.5-billion announced following last year’s tie-up with rival Goldcorp, with the major expecting to receive more than $1.4-billion in cash proceeds in the first quarter of this year.
The gold miner on Friday completed the sale of its 50% of Kalgoorlie Consolidated Gold Mines (KCGM), the owner of the Super Pit mine in Western Australia, to Australian miner Northern Star Resources, receiving $800-million.