Newmont Corporation to sell its Éléonore operation to Dhilmar Ltd for $795 million

Goodmans LLP is advising Newmont Corporation in its agreement to sell its Éléonore operation to Dhilmar Ltd for $795 million in cash consideration.

Located in the Northern Quebec region, Éléonore is a world-class, state-of-the-art facility that is among the largest gold mines in Quebec.

The transaction is expected to close in the first quarter of 2025, subject to certain conditions being satisfied.

Newmont is the world’s leading gold company and a producer of copper, zinc, lead, and silver, with operations in Africa, Australia, Latin America & Caribbean, North America, and Papua New Guinea.