ICYMI Newmont Mining SELLS huge asset

Newmont Mining (NYSE:NEM) just announced another sale to raise cash and strengthen its asset base. This time, the company has entered into a binding purchase and sale agreement with Fresnillo plc (OTCPK:FNLPF) to sell its entire 44 percent stake in the Penmont joint venture in Mexico. This will raise even more cash for Newmont to help focus on its producing mines and ensure cash flows to pay dividends and really focus on improving profitable sites. This deal is for approximately $477 million, which will yield cash proceeds of $450 million for Newmont at closing. As Newmont is selling its entire stake......>READ FULL ARTICLE