Newmont exits Orla Mining with $439m stake sale
US miner Newmont has sold its entire 13.3% interest in Orla Mining, generating $439-million in gross proceeds as the world’s top gold producer streamlines its portfolio.
The Denver-based miner disposed of 43-million Orla shares on the TSX at $10.14 apiece, equivalent to C$14, the company said Friday. The transaction leaves Newmont with no remaining equity in Orla.
“Today’s announcement demonstrates Newmont’s ongoing commitment to streamlining our equity portfolio and unlocks significant cash to support Newmont’s capital allocation priorities,” CEO Tom Palmer said in a statement.
Newmont’s exit ends a relationship that began when it invested in Orla during the development of the Camino Rojo gold mine in Mexico. Earlier this year, Orla acquired the Musselwhite mine in Ontario from Newmont.
“We value the strong relationship we’ve had with Orla since our initial investment,” Palmer said. “While this marks the end of our ownership in Orla, we are confident in their continued ability to drive value for shareholders.”
Orla CEO Jason Simpson credited Newmont with helping to shape the company’s asset base. “Orla’s portfolio has been built, in part, through the acquisition of former Newmont assets. We are grateful for the confidence placed in us to advance these projects responsibly and to unlock their full potential,” he said.
The deal contributes to nearly $900-million in after-tax proceeds Newmont has raised from equity divestments in 2025.
Comments
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation