Newmont Corp

NYSE:NEM   12:28:13 PM EDT
+1.62 (+4.02%)
Equity Investments, Mergers / Acquisitions

Glencore To Acquire Newmont's Stake In MARA Project

Published: 09/23/2022 12:16 GMT
Newmont Corp (NEM) - Glencore to Acquire Newmont’s Stake in Mara Project.
Newmont - Glencore Will Pay $124.9 Million Upon Closing.
Newmont - Glencore Will Acquire Newmont's 18.75% Shareholding in Mara Project.
Newmont - Following Completion of Transaction, Glencore Will Own 43.75% of Mara.
Newmont - Glencore Will Pay $30 Million Deferred Payment Upon Commercial Production Subject to an Annual Interest Charge of 6%.
Newmont - Total Deferred Consideration is Capped at $50 Million.