Citing a desire to enhance its balance sheet and optimise its portfolio, Newmont Corporation has sold three of its non-core projects for $US1.7 billion, or $2.7 billion.
Newmont Corporation shares have lost almost 20 per cent of their value in two days, as concerns over costs at the world's largest goldminer continue to weigh on the business.
Greatland Gold chief executive Shaun Day believes the Telfer gold-copper mine his company is acquiring in a $700 million deal with Newmont Corporation is in its best shape in nearly two decades.
Newmont Mining Corporation regional senior vice-president of Australia and New Zealand, Carlos Santa Cruz, will retire from the position and return to Peru.