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Orla to Buy Musselwhite Gold Mine from Newmont
Orla to Buy Musselwhite Gold Mine from Newmont for US$850 Million
Orla Mining (TSX:OLA,NYSEAMERICAN:ORLA) has entered into a definitive deal to buy the Musselwhite gold mine from Newmont (TSX:NGT,NYSE:NEM), positioning the company to more than double its annual gold production.
Newmont Sells Canadian Gold Mine for $850 Million in Latest Deal
Newmont Corp. agreed to sell its Musselwhite gold mine in Ontario to Orla Mining Ltd. for up to $850 million as part of a divestment campaign designed to boost shareholder returns.Most Read from BloombergIn Cleveland,
Orla Mining buys Newmont’s Musselwhite gold mine
Gold miner Newmont has reached an agreement to sell its Musselwhite mine to TSX-listed Orla Mining for up to $850-million. The transaction, announced on Monday, marks the first sale of several Canadian assets that the US-based gold miner has identified for divestment.
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Goldman Says ‘Go for Gold’ as Central Banks Buy, Fed Cuts in ‘25
Gold will rally to a record next year on central-bank buying and US interest rate cuts, according to Goldman Sachs Group Inc.
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on MSN
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Gold poised for worst week in 3 years as US dollar rallies
Gold prices steadied near the previous session's two-month lows on Friday and were poised for their worst weekly performance ...
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Newmont Mining Corporation
Musselwhite
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