Newmont Corporation to sell Musselwhite Gold Mine to Orla Mining for $850 million

Goodmans LLP is advising Newmont Corporation in its agreement to sell the Musselwhite Gold Mine to Orla Mining for $850 million.

Musselwhite is a fly-in-fly-out operation located in Ontario, Canada. Its ore is mined from two main zones below Opapimiskan Lake.

Closing of the transaction is expected to occur promptly following the special meeting of Newmont’s shareholders in January 2025, and is subject to other customary closing conditions and receipt of certain regulatory approvals.

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.