Newmont to Acquire Remaining 5% Stake in Yanacocha from Sumitomo

April 12, 2022

Newmont Corporation will acquire the remaining 5% interest in Yanacocha from Sumitomo Corporation for $48 million, making it the exclusive owner-operator of the asset. The transaction is expected to close in the second quarter as part of Newmont’s Yanacocha district consolidation strategy and supports the Sulfides project’s value-creation plans in Peru.

Buyers
Newmont Corporation
Targets
Yanacocha
Sellers
Sumitomo Corporation
Industry
Energy
Location
Cajamarca, Peru
Transaction Type
Buyout

Explore More

Related Acquisitions

Build a buyer list for your deal

Find active buyers from recent acquisition patterns and move straight into outreach.