Canadian Mining Journal

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GOLD PRODUCER NEWS Newmont Sells Interest in Kinross

DENVER, Colorado NEWMONT MINING has sold 28 million of the 43.2 million KINROSS GOLD shares it held. The shares w...


DENVER, Colorado NEWMONT MINING has sold 28 million of the 43.2 million KINROSS GOLD shares it held. The shares were bought by a group of investment dealers for resale in Canada and on a private placement basis outside Canada. Newmont’s share of Kinross will fall to about 4.9% when the deal is completed.

Newmont has realized pre-tax cash proceeds of US$218 million after transaction costs. On Wednesday, Sept. 17, Newmont shares were selling for US$39.05.


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