For interest, here’s an excerpt on Newmont’s potential acquisitiveness noticed in a ‘fireside chat’ at that September gold conference by OCM Gold Fund
Maybe Simon was there too, toasting a few marshmallows?
Recently, Newmont divested their Havieron and Telfer assets to Greatland Gold.
Since its massive merger with Australian miner Newcrest in 2023, Newmont has publicly proclaimed that they plan to offload several of their non “Tier 1” assets to the highest bidders.
Newmont still has several assets which have a flashing “for sale” sign across the front door.
We’ve heard dozens of producing companies have been in negotiations for these assets that will add significant production value to smaller cap producers.
Also, in a brief fireside chat, Newmont’s COO said that the company plans to garner over $2B from the sale of assets.
Some juniors may be waiting to hear if Newmont decides to deploy that capital into further M&A or into their own company in another fashion.
With so many valuable ounces on the table, many companies may be waiting to see what happens before taking further action.
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