Newmont Secures Ghana Akyem Lease Renewal Collects $770M Divestiture Proceeds

Newmont Corporation has secured the renewal of the Akyem East Mining Lease in Ghana, enabling the completion of a $100 million payment from Zijin Mining Group as part of the $1 billion divestment of the Akyem mine. This payment contributes to Newmont's broader divestiture program expected to generate $3.1 billion in after-tax proceeds by 2025, supporting the company's capital priorities of debt reduction and shareholder returns. Over the last quarter, Newmont's share price rose by 21%, outperforming the broader US Metals and Mining industry and the general market despite economic uncertainties and trade tensions. Analysts provide a generally positive outlook, with an average price target near $73 and a consensus rating of "Outperform," though some valuation metrics suggest cautious consideration for value investors. Newmont's strategic focus on high-margin, long-life assets and portfolio optimization aims to sustain operational efficiency and long-term profitability, even as revenue growth forecasts remain modest. The company maintains a strong financial position with solid profitability and liquidity ratios, reinforcing its status as the world's largest gold miner.