DENVER, September 20, 2025 –– Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) (“Newmont” or the “Company”) announced today it has completed the sale of common shares (“Common Shares”) of Orla Mining Ltd. (“Orla”). Newmont disposed of 43 million Common Shares through the facilities of the Toronto Stock Exchange at a price of US$10.14 (C$14.00) per Common Share, for aggregate gross proceeds of US$439 million (C$605 million).
“Today’s announcement demonstrates Newmont’s ongoing commitment to streamlining our equity portfolio and unlocks significant cash to support Newmont’s capital allocation priorities,” said Tom Palmer, Newmont’s Chief Executive Officer. “We value the strong relationship we’ve had with Orla since our initial investment. From the development of Camino Rojo to the acquisition of Musselwhite from Newmont early this year, we are delighted to have been part of Orla’s beginning. While this marks the end of our ownership in Orla, we are confident in their continued ability to drive value for shareholders.”
Immediately prior to the sale, Newmont held 43,245,294 Common Shares, which represented approximately 13.3% of the issued and outstanding Common Shares on a non-diluted basis. As a result of this disposition, Newmont no longer holds any Common Shares of Orla.
Orla’s President and Chief Executive Officer, Jason Simpson, said: “Orla’s portfolio has been built, in part, through the acquisition of former Newmont assets. We are grateful for the confidence placed in us to advance these projects responsibly and to unlock their full potential. As we continue to execute on our growth strategy, we remain focused on creating long-term value for our stakeholders while broadening and diversifying our investor base.”