Newmont Corporation announced on July 31, 2025, that the Parliament of Ghana ratified the renewal of the Akyem East Mining Lease. This regulatory approval triggered a $100 million payment from Zijin Mining Group Co., Ltd. to Newmont, as stipulated in their definitive agreement for the divestiture of the Akyem operation.
The receipt of this payment brings the total after-tax cash proceeds from the sale of Akyem to approximately $770 million. This is a significant boost to Newmont's cash reserves, further solidifying the financial benefits of its portfolio optimization strategy.
With this development, Newmont now expects to generate $3.1 billion in after-tax cash proceeds from its divestiture program in 2025, including $2.6 billion from divested assets and approximately $470 million from the sale of equity shares. These proceeds will support Newmont’s capital allocation priorities, including reducing outstanding debt and returning capital to shareholders.
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