Newmont Corporation announced on July 15, 2025, that it has executed agreements for the sale of shares in Greatland Resources Limited and Discovery Silver Corp, generating aggregate cash consideration of approximately $470 million, net of taxes and commissions. This move further streamlines Newmont’s equity portfolio.
The Greatland shares were received as part of the consideration for the Telfer-Havieron divestment in 2024, and their sale reflected an approximately 230% return relative to the value announced at the time of the transaction. Newmont's remaining equity stake in Greatland is approximately 9.9%.
The Discovery shares, received from the Porcupine divestment in 2025, were sold in May and July 2025, reflecting an approximately 200% return. Following the settlement of the July sales, Newmont will no longer be a shareholder of Discovery. Newmont now expects to generate $3.0 billion in after-tax cash proceeds from its divestiture program in 2025.
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