Orla Mining to Acquire Newmont's Musselwhite Gold Mine in Ontario for Up to US$850 Million

Nov 18, 2024, 02:28 PM

Orla Mining Ltd. has agreed to purchase Newmont Corp.'s Musselwhite gold mine in Ontario for up to US$850 million. The acquisition is part of Newmont's divestment campaign aimed at boosting shareholder returns. The deal, which involves a cash payment of $810 million, follows Newmont's $19.5 billion acquisition of another major gold producer last year.