The sale forms part of Newmont's efforts to divest non-core assets, which have now surpassed its initial $2bn target.

Newmont (TSX:NGT,NYSE:NEM), the world’s largest gold miner, is continuing its divestiture program through the sale of its Éléonore mine in Québec to Dhilmar, a private UK-based mining firm, for US$795 million in cash.

Newmont N/A said on Monday it would sell its Eleonore mine in Canada to UK-based miner Dhilmar Ltd for $795-million in cash, as the world’s largest gold miner continues with its plans to divest non-core assets. Newmont said the deal, along with other sales it announced in 2024, would help it raise $3.6-billion.