Mining corporation Newmont sells its stakes in Orosur Mining Inc. announced.
Newmont Sells Entire Stake in Orosur Mining for C$5.5 Million
In a private transaction on July 31, 2025, Newmont Corporation, a leading gold company and the only gold producer listed in the S&P 500 Index, sold its entire 9.4% stake in Orosur Mining Inc. for C$5.5 million (approximately $5.5 million USD).
The sale, which occurred at C$0.19 per share, involved the disposal of 29,213,186 common shares. This move aligns with Newmont’s broader strategy to divest certain high-quality non-core assets, aiming to raise about US$3 billion during 2025.
However, Newmont left the door open for potential future re-investment in Orosur Mining, depending on market conditions. The new shares were mainly acquired by several institutional long-term investors, a move that Orosur’s Executive Chairman Louis Castro welcomed as a validation of Orosur’s development projects.
Prior to the sale, Newmont held approximately 9.4% of the issued and outstanding Common Shares on a non-diluted basis. The sale has resulted in Newmont no longer holding any shares in Orosur Mining.
Newmont Corporation is renowned for its principled environmental, social, and governance practices and is committed to creating value and improving lives through sustainable and responsible mining.
Investors are advised not to place undue reliance on forward-looking statements, as they are subject to various risks that could cause actual results to differ materially from expected results. A discussion of risks relating to Newmont’s business can be found in its most recent Form 10-K.
For more information about Newmont Corporation, please visit their global communications and investors contact information at 6900 E Layton Avenue, Suite 700, Denver, Colorado 80237. The source of this news can be found on Business Wire.
[1] Business Wire, Newmont Corporation Sells Entire Stake in Orosur Mining for C$5.5 Million, July 31, 2025. [2] Mining Journal, Newmont sells entire Orosur stake, July 31, 2025. [3] Business Insider, Newmont exits Orosur Mining, July 31, 2025. [4] CNBC, Newmont sells Orosur Mining stake for C$5.5 million, July 31, 2025. [5] Reuters, Newmont sells Orosur Mining stake, July 31, 2025.
The financial business sector saw Newmont Corporation selling its entire stake in Orosur Mining for C$5.5 million, a move that aligns with the company's broader strategy to raise funds by divesting certain high-quality non-core assets, in this case, aiming to raise about US$3 billion during 2025. The sale of Newmont's shares, primarily purchased by institutional long-term investors, indicates a vote of confidence in Orosur Mining's development projects, as stated by its Executive Chairman, Louis Castro.
