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Newmont Corporation has finalized the sale of its entire equity interest in Orla Mining Ltd., disposing of 43 million common shares via the Toronto Stock Exchange at a price of US$10.14 (C$14.00) per share. This transaction generated aggregate gross proceeds of US$439 million, which was equivalent to C$605 million at the time of the deal. The sale marks Newmont’s complete exit from Orla, as it previously held approximately 13.3 percent of Orla’s issued and outstanding common shares on a non-diluted basis. The divestment is part of Newmont’s ongoing strategy to streamline its equity portfolio and unlock cash to support its capital allocation priorities.
TD Securities & RBC acted as bookrunners on the sale of shares. BLG represented TD Securities & RBC with a team led by Graeme Martindale and included Kent Kufeldt and George Collister.
Parties
Bank
TD Securities
Bank
Royal Bank of Canada
Company
Newmont Corporation
Deal Type
Merger & AcquisitionIndustry
MiningTransaction
$ 605,000,000Deal Status
ClosedClosing Date
19 September 2025