Newmont, the world’s biggest gold miner, said it’s on track to raise $2-billion — if not more — from selling smaller mines and development projects.
“We’ll get at least that,” COO Natascha Viljoen said Tuesday in an interview on the sidelines of Denver Gold Group’s annual forum in Colorado. “All of them are tracking according to plan.”
The Denver-based metals producer signaled plans to divest assets after closing its acquisition of Newcrest Mining in 2023. The sales are part of plan to focus on so-called Tier 1 assets, which can produce at least 500 000 OZ of gold equivalent for 10 years or longer, while boosting the company’s exposure to copper.
Newmont agreed to sell two Australian assets to Greatland Gold for as much as $475-million earlier this month. It’s now pushing to finalise sales of mines and projects in Ghana, the US and Canada by the end of the first quarter in 2025, Viljoen said.