Newmont Corp

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Debt Financing / Related, Divestitures / Spin-offs

Newmont Sells Royalty Portfolio for $90 Mln

Published: 09/21/2020 12:27 GMT
Newmont Corp (NEM) - Press Release - Newmont Sells Royalty Portfolio for $90 Million.
Newmont - Will Receive 15 Million in Cash, 12 Million Maverix Common Shares, and Up to $15 Million in Contingent Cash Payments.
Newmont - Royalties Provide Exposure to Five Gold Assets Owned and Operated by Growth-oriented Mining Companies.
Newmont - Upon Completion, Newmont's Ownership Interest in Maverix Will Increase From 26 Percent to About 32 Percent.