ASSET SALE
US gold miner Newmont Mining has provisionally agreed to sell its Waihi gold mine on New Zealand’s north island to triple-listed OceanaGold for $106-million in cash. Under the terms of the nonbinding letter of intent, the price would include a $5-million contingency payment and a 1% net smelter royalty on a recent discovery north of Waihi’s current operations.
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