Newmont Sells Minority Stake in Fuerte Metals for CAD$29.5 Million
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Newmont Corporation announced the sale of 6,773,641 common shares of Fuerte Metals Corporation for CAD$29.5 million. The shares, sold at CAD$4.35 each, will reduce Newmont's stake in Fuerte from 24% to 19.5%. The transaction is expected to close within a week, subject to customary conditions. Newmont will retain its remaining stake and continue to evaluate its investment.
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