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
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