https://www.miningweekly.com

Newmont Goldcorp says Red Lake is for sale

Newmont Goldcorp incoming CEO Tom Palmer

Newmont Goldcorp incoming CEO Tom Palmer

13th September 2019

By: Mariaan Webb

Creamer Media Contract Publishing Editor

     

Font size: - +

The world’s largest gold miner, Newmont Goldcorp, is continuing to streamline its portfolio and the company confirmed on Friday that its Red Lake mine, Canada, is up for sale.

Confirmation of the potential sale of Red Lake, which is a former Goldcorp mine, comes only a week after an announcement of its divestment of a 45.5% stake in the Nimba iron-ore project, in Guinea, to a company controlled by mining investor Robert Friedland.

The group, which was formed earlier this year when Newmont bought Goldcorp for $10-billion, has said previously that it intends to shed between $1-billion and $1.5-billion in assets over the next two years. Analysts have flagged Red Lake, Musselwhite and Porcupine from Goldcorp as potential assets that may be sold.

Newmont Goldcorp incoming CEO Tom Palmer will be presenting at next week's Denver Gold Forum.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Stewarts & Lloyds
Stewarts & Lloyds

Stewarts & Lloyds is a leading steel, tube, and engineering product supplier in South Africa.

VISIT SHOWROOM 
Trotech
Trotech

Design, Construction and Maintenance of Site Erected, Welded Bulk Storage Tanks for the Petrochemical, LNG, Ammonia and Sustainable fuel Sectors.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.047 1.09s - 128pq - 2rq
Subscribe Now