Orla Mining Completes Purchase of Musselwhite Gold Mine From Newmont
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Orla Mining has completed the $810 million purchase of the Musselwhite Gold Mine from Newmont, with an additional $40 million contingent on gold prices. The acquisition was financed through debt, gold prepayment, convertible notes, and cash. Newmont also finalized the sale of its Eleonore and Cripple Creek & Victor operations, receiving $1.7 billion in after-tax proceeds. Following the announcements, shares of Orla Mining and Newmont rose by over 2% and 1%, respectively.
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