Newmont (ASX:NEM) executed agreements to divest its stake in Greatland Resources and Discovery Silver for around $470 million in total, according to a Wednesday Australian bourse filing.
The firm now expects to generate $3 billion in after-tax cash proceeds from its divestiture program in the year to support its capital allocation priorities, per the filing.
The company added that it remains on track to deliver on its 2025 guidance, which includes attributable gold production of about 5.9 million gold ounces, all-in-sustaining costs of $1,630 per ounce, and roughly $1.8 billion in sustaining capital.
The firm's shares fell 4% in early trading on Wednesday.
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