Newmont Corporation NEM has agreed to sell its Eleonore operation in Northern Quebec, Canada, to Dhilmar Ltd for $795 million in cash. The divestment is expected to close in the first quarter of 2025,

Announced Divestitures to Date Expected to Generate up to $3.6 Billion in Gross Proceeds

The world’s largest gold miner, Newmont, announced on Monday that it had agreed to sell its Éléonore mine in Quebec, Canada, to UK-based private mining firm Dhilmar for $795-million in cash. The transaction marks another step in Newmont’s ongoing divestiture programme,

Newmont NGT-T 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.