Newmont sells entire stake in Orosur Mining for C$5.6 million

DENVER - Newmont Corporation (NYSE:NEM, TSX: NGT), the $68.2 billion market cap gold mining giant, has divested its entire stake in Orosur Mining Inc., according to a press release issued Thursday. The company, which boasts a perfect Piotroski Score of 9 according to InvestingPro, sold 29,213,186 common shares in a private transaction at C$0.19 per share, generating gross proceeds of approximately C$5.6 million.

Prior to the sale on July 31, Newmont held approximately 9.4% of Orosur’s outstanding common shares on a non-diluted basis. Following the transaction, Newmont no longer owns any shares in the company.

The company stated that the shares were sold for investment purposes, though it left open the possibility of acquiring Orosur securities in the future depending on market conditions and other factors.

Newmont, headquartered in Denver, Colorado, describes itself as the world’s leading gold company with operations across Africa, Australia, Latin America, North America, and Papua New Guinea. The company has been publicly traded since 1925 and remains the only gold producer listed in the S&P 500 Index.

The transaction represents a complete exit from Newmont’s position in Orosur, which had already been diluted following certain distributions of common shares by Orosur prior to the sale.

In other recent news, Newmont Goldcorp Corp has reported impressive financial results for the second quarter of 2025. The company achieved earnings per share of $1.43, surpassing the market’s forecast of $1.14. Additionally, Newmont reported revenues of $5.32 billion, which exceeded the anticipated $4.84 billion. These figures highlight Newmont’s strong performance during this period. Despite the positive earnings and revenue results, the company’s stock saw a slight decline in aftermarket trading. Investors are currently assessing the company’s earnings and future guidance. There were no analyst upgrades or downgrades reported in conjunction with these earnings. These developments reflect Newmont’s recent financial activities and market position.

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