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What will be Newmont's next strategic move post-Akyem sale by end of 2025?
2
Resolution / Starting Odds
Acquire new tier one assets • 25%
Increase dividends or share buybacks • 25%
Invest in technology or innovation • 25%
Other strategic moves • 25%
Official announcements from Newmont or credible financial news sources
Story
Newmont Sells Ghana Gold Project to State-Owned Zijin Mining for $1 Billion in Cash
Oct 9, 2024, 01:36 AM
Newmont Corporation has agreed to sell its Akyem gold project in Ghana to China's state-owned Zijin Mining Group for $1 billion in cash. This transaction is part of Newmont's strategy to divest non-core assets and focus on its tier one assets. The sale is expected to bolster Zijin Mining's resources to meet its aggressive output targets. Treadstone and Citi have been tapped to facilitate the $1 billion sale.
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Increased profitability • 25%
Decreased profitability • 25%
No significant change • 25%
Change in business strategy • 25%
Increase by more than 5% • 25%
Decrease by more than 5% • 25%
Change within ±5% • 25%
No significant change • 25%
Increase by more than 5% • 25%
Increase by 5% or less • 25%
Decrease by 5% or less • 25%
Decrease by more than 5% • 25%
Yes • 50%
No • 50%
Illegal mining activities • 25%
Environmental concerns • 25%
Regulatory hurdles • 25%
Other operational issues • 25%
Barrick Gold • 25%
Newmont Corporation • 25%
Kinross Gold • 25%
Other • 25%
0 additional acquisitions • 25%
1 additional acquisition • 25%
2 additional acquisitions • 25%
3 or more additional acquisitions • 25%
Increase by more than 5% • 25%
Increase by 5% or less • 25%
Decrease by 5% or less • 25%
Decrease by more than 5% • 25%
Another gold mine • 25%
Copper or other metal mine • 25%
Non-mining asset • 25%
No major acquisition • 25%