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Newmont Mining Corp signs agreement to sell jundee underground gold mine in Australia


Monday, 12 May 2014 06:50pm EDT 

Newmont Mining Corp:Says it has entered into a binding agreement with Northern Star Resources Limited to sell the Jundee underground gold mine in Australia for total proceeds of about $91 million.Sale comprised of cash at closing of about $77 million plus a further payment of about $14 million for working capital.Northern Star is acquiring all of Jundee's assets and liabilities including all environmental and employee obligations.The sale is expected to close in early July. 

Company Quote

18.57
0.53 +2.94%
24 Dec 2014