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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. 

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24.21
-0.28 -1.14%
19 Sep 2014