Divestiture • Metals/Mining

Newmont Mining Exits Newmont Mining - Musselwhite Operation

On November 18, 2024, invested in metals/mining company Newmont Mining - Musselwhite Operation from Newmont Mining for 850M USD

Investment Context
  • This is transaction in the Metals/Mining sector.
  • This is largest (disclosed) transaction.
  • This is transaction in Canada.
  • This is transaction in Ontario.
Investment Fate
  • Newmont Mining - Musselwhite Operation was divested to a strategic buyer in 2024 for 850M USD.

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Investment Summary

Date November 18, 2024
Target Newmont Mining - Musselwhite Operation
Sector Metals/Mining
Sellers(s) Newmont Mining
Deal Type Divestiture
Deal Value 850M USD

Target Company

Newmont Mining - Musselwhite Operation

Ontario, Canada
Newmont Mining's Musselwhite Operation is a gold mines.
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Seller Profile 1

SELLER

Newmont Mining

Denver, Colorado, United States

Category Company
Founded 1916
Sector Metals/Mining
Employees22,200
Revenue 18.7B USD (2024)
DESCRIPTION

Newmont Mining is a gold producer, with significant assets or operations in the United States, Australia, Peru, Indonesia, Ghana, New Zealand, and Mexico. Newmont Mining was founded in 1916 and is based in Denver, Colorado.


Deal Context for Seller #
Overall 2 of 5
Sector: Metals/Mining 2 of 5
Type: Divestiture 1 of 1
State: Ontario 1 of 1
Country: Canada 1 of 3
Year: 2024 1 of 2
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-14 Newcrest

Melbourne, Australia

Newcrest is a gold mining company and operates mines in four countries, with a global workforce of around 16,000. Newcrest was founded in 1966 and is based in Melbourne, Australia.

Buy AU$28.8B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-25 Newmont - Éléonore Operation

Quebec, Canada

Newmont's Éléonore Operation is a gold and copper producer.

Sell $795M