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CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)

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Message: Newmont divesting non-core assets
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Just a bit of background. Newmont seems to be halfway there. From a TD daily Quick Take on certain stocks:
. . . . . . .

NEM to sell Akyem for up to $1bln

Newmont's sale of Akyem for up to $1bln in cash comes at an attractive valuation for NEM, and represents half of the company's $2bln minimum targeted divestitures…

...and further down...

▪ Total proceeds from non-core asset sales announced to date — Telfer and Akyem — are $1.48bln, consisting of $1.11bln cash plus $200mm of conditional/contingent cash and $168mm of equity. 

▪ Recall, Newmont is planning to divest seven non-core assets for a minimum of $2bln. Telfer/Haverion was the first announced sale. The previous announced monetization of NEM's Lundin Gold debt and Batu Hijau contingent payments are not included in the $2bln target. 

 

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