Newmont to sell Coffee Project for up to $150 million

* Newmont (NYSE:NEM [https://seekingalpha.com/symbol/NEM]) has agreed to sell its Coffee Project in Yukon, Canada to Fuerte Metals for up to $150 million in total consideration.
* This includes cash consideration of $10 million, due upon closing, equity consideration of $40 million in the form of Fuerte shares, to be issued upon closing and a 3.0% net smelter return (“NSR”) royalty on the Coffee Project, which Fuerte retains the option to repurchase for up to $100 million.
* The transaction is expected to close in the fourth quarter of 2025.
* Source: Press Release [https://seekingalpha.com/pr/20231830-newmont-announces-sale-of-the-coffee-project-for-up-to-150-million]

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