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DENVER - Newmont Corporation (NYSE:NEM, TSX: NGT), the world’s leading gold company with a market capitalization of $85.7 billion and a perfect Piotroski Score of 9 according to InvestingPro, announced Friday it has completed the sale of its entire stake in Orla Mining Ltd. for $439 million in gross proceeds.
The gold mining giant sold 43 million common shares of Orla through the Toronto Stock Exchange at a price of $10.14 (C$14.00) per share. Prior to the transaction, Newmont held approximately 13.3% of Orla’s outstanding shares. The company’s strong financial position is reflected in its "GREAT" financial health score from InvestingPro, which shows liquid assets exceeding short-term obligations.
The sale is part of Newmont’s strategy to streamline its equity portfolio and generate cash for its capital allocation priorities, according to a company press release. With annual revenue of $20.6 billion and impressive year-to-date returns of 113%, Newmont demonstrates robust financial performance. For detailed analysis and 13 additional ProTips, investors can access the comprehensive Pro Research Report on InvestingPro.
"Today’s announcement demonstrates Newmont’s ongoing commitment to streamlining our equity portfolio and unlocks significant cash to support Newmont’s capital allocation priorities," said Tom Palmer, Newmont’s Chief Executive Officer. The company’s stock is currently trading near its 52-week high, reflecting strong market confidence in its strategic decisions.
Orla Mining’s President and CEO Jason Simpson acknowledged the companies’ relationship, noting that Orla’s portfolio has been built partly through acquiring former Newmont assets, including the recent purchase of Musselwhite earlier this year.
The transaction contributes to Newmont’s reported generation of approximately $900 million in after-tax proceeds from equity holdings sales in 2025.
Newmont, founded in 1921 and publicly traded since 1925, describes itself as the world’s leading gold company with operations across Africa, Australia, Latin America, North America, and Papua New Guinea. The company is the only gold producer listed in the S&P 500 Index.
An early warning report regarding the transaction will be filed by Newmont in accordance with Canadian securities laws.
In other recent news, Newmont Corporation has announced an agreement to sell its Coffee Project in Yukon, Canada, to Fuerte Metals Corporation for up to $150 million. The transaction, expected to close in the fourth quarter of 2025, includes a mix of cash, shares, and a net smelter return royalty. RBC Capital has upgraded Newmont’s stock rating from Sector Perform to Outperform, citing an operational turnaround and raising the price target to $95.00. Conversely, Macquarie has downgraded Newmont from Outperform to Neutral, following a significant increase in the company’s stock price over the past three months. In a strategic move to reduce costs after acquiring Newcrest Mining Ltd., Newmont is reportedly planning job cuts as part of a broader cost-reduction initiative. Additionally, Moody’s Ratings has upgraded Newmont’s backed senior unsecured ratings to A3 with a stable outlook, highlighting the company’s strong credit metrics and excellent liquidity. These developments reflect Newmont’s ongoing efforts to optimize its operations and financial standing.
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