Mining conglomerate Newmont Corporation reveals plan to dispose of its ownership of Orosur Mining Inc.
Newmont Corporation, the world-leading gold company and a significant producer of copper, zinc, lead, and silver, has announced the sale of its 9.4% stake in Orosur Mining Inc. The sale, which took place in July 2025, generated approximately C$5.55 million, or around C$0.19 per share.
In a strategic move to divest non-core assets and optimise its gold sector portfolio, Newmont sold 29,213,186 Common Shares of Orosur Mining Inc. in a private transaction. The media contact for Newmont Corporation is Shannon Brushe ([email protected]).
Following the sale, Newmont has fully exited its investment in Orosur Mining shares, with no current ownership stake. However, the company has left the door open to potential re-entry, depending on market conditions. The proceeds from the sale have been redirected to fund $3 billion in share buybacks, reduce net debt to $5.35 billion, and strengthen financial flexibility amid macroeconomic volatility.
Newmont's strategic focus is now on low-cost Tier 1 assets such as Yanacocha and Peñasquito, improving operational efficiency, and ESG investments. The company aims to achieve a free cash flow of $1.7 billion with sub-$1,500 all-in sustaining costs (AISC) in 2025.
Orosur Mining's executive chairman expressed understanding of Newmont’s exit strategy and welcomed the new institutional long-term investors who acquired the shares, viewing their investment as validation of Orosur’s growth projects. With this sale, Newmont has shifted away from junior exploration projects like Orosur to concentrate capital on its core producing assets.
Newmont Corporation is listed in the S&P 500 Index and is recognised for its principled environmental, social, and governance practices. Investors should not place undue reliance on forward-looking statements regarding potential future investments in Orosur Mining Inc. by Newmont Corporation.
For further information, investors can contact Neil Backhouse ([email protected]) or Natalie Worley ([email protected]). Newmont's assets are located in favourable mining jurisdictions in Africa, Australia, Latin America & Caribbean, North America, and Papua New Guinea.
The source of this news release is Business Wire via QuoteMedia. Newmont Corporation does not undertake any obligation to release publicly revisions to any forward-looking statement to reflect events or circumstances after the date of this news release. A discussion of risks relating to Newmont's business and other factors can be found in its most recent Form 10-K filed with the Securities and Exchange Commission. Newmont's purpose is to create value and improve lives through sustainable and responsible mining. As a result of the sale, Newmont no longer holds any Common Shares of Orosur Mining Inc. Newmont's address is 6900 E Layton Avenue, Suite 700, Denver, Colorado 80237.
- Newmont Corporation, having sold its 29,213,186 Common Shares of Orosur Mining Inc., has officially exited its investment in Orosur Mining, opting to focus on low-cost Tier 1 assets and strengthening financial flexibility through the use of sale proceeds.
- To optimise its business portfolio and fund share buybacks, Newmont Corporation redirected the approximately C$5.55 million generated from the sale of its stake in Orosur Mining towards reducing net debt and improving financial flexibility amid macroeconomic volatility.
