{"id":943,"date":"2025-09-20T15:39:02","date_gmt":"2025-09-20T15:39:02","guid":{"rendered":"https:\/\/bondsandfonds.com\/index.php\/2025\/09\/20\/newmont-exits-orla-mining-with-us439-million-share-sale\/"},"modified":"2025-09-20T15:39:02","modified_gmt":"2025-09-20T15:39:02","slug":"newmont-exits-orla-mining-with-us439-million-share-sale","status":"publish","type":"post","link":"https:\/\/bondsandfonds.com\/index.php\/2025\/09\/20\/newmont-exits-orla-mining-with-us439-million-share-sale\/","title":{"rendered":"Newmont Exits Orla Mining With US$439 Million Share Sale"},"content":{"rendered":"<\/p>\n<p><strong>Orla Mining  (TSX:OLA,NYSEAMERICAN:ORLA)<a href=\"https:\/\/investingnews.com\/stocks\/nyse-orla\/orla-mining-ltd\/\" target=\"_self\"><\/a> was hit with a second major exit this month as Newmont (TSX:NGT,NYSE:NEM,ASX:NEM)<a href=\"https:\/\/investingnews.com\/stocks\/nyse-nem\/newmont-corporation\/\" target=\"_self\"><\/a> sold its entire 13.3 percent stake for US$439 million, sending the Canadian miner\u2019s shares tumbling nearly 8 percent on Friday (September 19).<\/strong><\/p>\n<p>The Denver-based miner said it sold the shares through the Toronto Stock Exchange at US$10.14 (C$14.00) each. The move leaves Newmont with no remaining stake in the company.<\/p>\n<p>CEO Tom Palmer called the sale part of a broader strategy to sharpen focus and free up capital. <\/p>\n<p>\u201cToday\u2019s announcement demonstrates Newmont\u2019s ongoing commitment to streamlining our equity portfolio and unlocks significant cash to support Newmont\u2019s capital allocation priorities,\u201d he said. <\/p>\n<\/p>\n<p>Orla shares fell 7.7 percent on Friday to US$10.21 after the sale, cutting its market capitalization to about US$2.41 billion. <\/p>\n<p>The drop followed a similar selloff earlier in September when Agnico Eagle Mines (TSX:AEM,NYSE:AEM<span class=\"redactor-selection-marker\"><\/span>)<a href=\"https:\/\/investingnews.com\/stocks\/nyse-aem\/agnico-eagle-mines-limited\/\" target=\"_self\"><\/a> offloaded its 11.3 percent stake in Orla for US$560.5 million. <\/p>\n<p>By contrast, investors rewarded Newmont for the divestment. Its shares rose 3 percent in New York following the announcement, lifting the company\u2019s market capitalization to US$88.6 billion.<\/p>\n<p>The exit from Orla is the latest in a string of Canadian divestments by Newmont, which has been streamlining its portfolio since November 2024. <\/p>\n<p>That program has included the sale of the Musselwhite mine in Ontario to Orla in an US$850 million deal and, more recently, an agreement to sell the Coffee gold project in Yukon to Fuerte Metals (TSXV:FMT,OTCQB:FUEMF) for up to US$150 million.<\/p>\n<p>The company has also applied to voluntarily delist from the Toronto Stock Exchange, citing low trading volumes, though it remains listed in New York. <\/p>\n<p>Despite the divestments, Newmont continues to operate significant Canadian assets, including the Brucejack and Red Chris mines.<\/p>\n<p>For Orla, the departures of Newmont and Agnico Eagle add pressure to demonstrate its ability to sustain growth with a broader investor base. <\/p>\n<p>The company currently operates two producing assets\u2014the Camino Rojo oxide mine in Mexico and Musselwhite in Ontario\u2014and has forecast consolidated 2025 gold output of 265,000 to 285,000 ounces.<\/p>\n<p><strong>Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.<\/strong><\/p>\n<\/p>\n<div>This post appeared first on investingnews.com<\/div>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Orla Mining (TSX:OLA,NYSEAMERICAN:ORLA) was hit with a second major exit this month as Newmont (TSX:NGT,NYSE:NEM,ASX:NEM) sold its entire 13.3 percent stake for US$439 million, sending the Canadian miner\u2019s shares tumbling nearly 8 percent on Friday (September 19). The Denver-based miner said it sold the shares through the Toronto Stock Exchange at US$10.14 (C$14.00) each. The&hellip;<\/p>\n","protected":false},"author":1,"featured_media":944,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-943","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/bondsandfonds.com\/index.php\/wp-json\/wp\/v2\/posts\/943","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bondsandfonds.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bondsandfonds.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bondsandfonds.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bondsandfonds.com\/index.php\/wp-json\/wp\/v2\/comments?post=943"}],"version-history":[{"count":0,"href":"https:\/\/bondsandfonds.com\/index.php\/wp-json\/wp\/v2\/posts\/943\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bondsandfonds.com\/index.php\/wp-json\/wp\/v2\/media\/944"}],"wp:attachment":[{"href":"https:\/\/bondsandfonds.com\/index.php\/wp-json\/wp\/v2\/media?parent=943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bondsandfonds.com\/index.php\/wp-json\/wp\/v2\/categories?post=943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bondsandfonds.com\/index.php\/wp-json\/wp\/v2\/tags?post=943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}