Newmont (NYSE:NEM) said Monday it agreed to sell its Porcupine operation in Ontario to Discovery Silver for as much as $425M, including $200M in cash, $75M in Discovery shares and $150M in ...

The transaction includes: i) a 4.25% net smelter return royalty (the 'Royalty") for $300M, consisting of two tranches, on production from the Porcupine Complex, ii) a $100M senior secured term ...

Upon closing the sale of the Porcupine operation and the previously announced transactions, Newmont will deliver up to $4.3 billion in total proceeds from non-core asset divestitures and investments.

TIMMINS - Newmont has finally sold its Porcupine operations in Timmins to Discovery Silver Corp. of Toronto for US$425 million. Promising to invest heavily in the northeastern Ontario gold camp is one ...

Newmont has finally sold its Porcupine operations in Timmins to Discovery Silver Corp. of Toronto for US$425 million. Promising to invest heavily in the northeastern Ontario gold camp is one of the ...

"We have full confidence that Discovery’s leadership team will continue to operate Porcupine responsibly, leveraging their extensive experience and history in the area. Including the Porcupine ...

Newmont Corp. has signed a deal to sell its Porcupine operation in Ontario to Discovery Silver Corp. in an agreement worth US$425 million. The Porcupine Complex includes the Hoyle Pond and Pamour mine ...