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How will Newmont's stock price change within a week of Akyem sale announcement?
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Story
State-Owned Zijin Mining to Acquire Newmont's Akyem Gold Project in Ghana for $1 Billion
Oct 9, 2024, 01:36 AM
China's Zijin Mining has agreed to purchase Newmont's Ghanian gold mine, the Akyem gold project, for up to $1 billion in cash, per @Reuters. This acquisition is part of the state-owned firm's strategy to enhance its resource base and meet its aggressive output targets. Treadstone and Citi have been tapped to facilitate Newmont's $1 billion sale. The deal signifies Zijin Mining's continued expansion in the gold mining sector.
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