{"id":9085,"date":"2024-11-19T14:03:31","date_gmt":"2024-11-19T14:03:31","guid":{"rendered":"https:\/\/northamericanmining.com\/?p=9085"},"modified":"2024-11-19T14:03:35","modified_gmt":"2024-11-19T14:03:35","slug":"newmont-offloads-musselwhite-to-orla-mining","status":"publish","type":"post","link":"https:\/\/northamericanmining.com\/index.php\/2024\/11\/19\/newmont-offloads-musselwhite-to-orla-mining\/","title":{"rendered":"Newmont offloads Musselwhite to Orla Mining"},"content":{"rendered":"
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Photo: Newmont<\/em><\/figcaption><\/figure>\n\n\n

Newmont has agreed to sell its Musselwhite gold mine in Ontario, Canada, to Vancouver-based Orla Mining for up to US$850 million in total consideration.<\/p>\n\n\n\n

\n

\u201cWe are pleased to be selling our Musselwhite operation to Orla and have full confidence that they will continue to operate responsibly, while maintaining strong partnerships with the mine\u2019s workforce and local and Indigenous communities,\u201d said Tom Palmer, Newmont president and chief executive officer. <\/p>\n<\/blockquote>\n\n\n\n

Under the terms of the agreement, Newmont will receive cash consideration of $810 million upon closing and up to $40 million in contingent payments. The transaction is expected to close in the first quarter of 2025, subject to certain conditions being satisfied. <\/p>\n\n\n\n

Musselwhite is a fly-in, fly-out operation located approximately 500 kilometers north of Thunder Bay.<\/p>\n\n\n\n

Source: <\/em>Newmont<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Newmont has agreed to sell its Musselwhite gold mine in Ontario, Canada, to Vancouver-based Orla Mining for up to US$850 million in total consideration. \u201cWe are pleased to be selling our Musselwhite operation to Orla and have full confidence that they will continue to operate responsibly, while maintaining strong partnerships with the mine\u2019s workforce and local and Indigenous communities,\u201d said…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_themeisle_gutenberg_block_has_review":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[495],"tags":[992,1190,811],"coauthors":[1644],"class_list":["post-9085","post","type-post","status-publish","format-standard","hentry","category-latest-news","tag-gold-mine","tag-newmont","tag-orla-mining"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t