Mining company Newmont announces ratification of Akyem mining lease, facilitating a $100 million payment.
Newmont Corporation Announces $3.1 Billion in After-Tax Cash Proceeds from 2025 Divestiture Program
Newmont Corporation, the world's leading gold company and a producer of copper, zinc, lead, and silver, has announced that it expects to generate a total of $3.1 billion in after-tax cash proceeds from its divestiture program in 2025.
The $3.1 billion figure reflects recent updates following the final $100 million payment from the sale of the Akyem gold mine to Zijin Mining Group, completing that transaction’s total value at $1 billion. The divestiture program encompasses multiple asset sales finalized by mid-2025, supporting Newmont's priorities such as debt reduction, shareholder returns, and focusing capital on Tier 1 operations.
The proceeds from the sale of the Akyem operation amount to approximately $770 million after tax. For further information related to this sale, investors are advised to refer to Newmont's Form 10-Q for the quarter ended June 30, 2025, filed on July 24, 2025.
The divested assets include approximately $2.6 billion, while approximately $470 million comes from the sale of equity shares in Greatland Resources Limited and Discovery Silver Corp.
Newmont's world-class portfolio of assets, prospects, and talent is anchored in favorable mining jurisdictions in Africa, Australia, Latin America & Caribbean, North America, and Papua New Guinea. The company's purpose is to create value and improve lives through sustainable and responsible mining.
However, it is important to note that the forward-looking statements are subject to risks and uncertainties, including final settlement of purchase price adjustments for the 2025 divestment transactions. For additional discussion of risks and other factors that might impact future-looking statements, see the Company's Annual Report on Form 10-K for the year ended December 31, 2024.
Investors should not assume that any lack of update to a previously issued "forward-looking statement" constitutes a reaffirmation of that statement. The Company does not undertake any obligation to release publicly revisions to any "forward-looking statement," except as may be required under applicable securities laws.
For media and investor inquiries, contact information is provided. Newmont is widely recognized for its principled environmental, social, and governance practices.
[1] The $3.1 billion includes $2.6 billion from divested assets and approximately $470 million from the sale of equity shares in Greatland Resources Limited and Discovery Silver Corp. [3] The $3.1 billion figure reflects recent updates following the final $100 million payment from the sale of the Akyem gold mine to Zijin Mining Group, completing that transaction’s total value at $1 billion, with roughly $770 million after tax from Akyem alone. [4] Zijin Mining Group Co., Ltd. has agreed to pay Newmont $100 million upon receipt of the Lease Ratification, with the payment having been received.
- Newmont Corporation's divestiture program, which includes the sale of assets and equity shares, is expected to generate approximately $3.1 billion in after-tax cash proceeds, with about $2.6 billion coming from the sale of assets and around $470 million from the sale of shares in Greatland Resources Limited and Discovery Silver Corp.
- The $3.1 billion figure from Newmont Corporation's 2025 divestiture program includes the recently updated $1 billion sale of the Akyem gold mine to Zijin Mining Group, with approximately $770 million after tax from the Akyem operation alone.
