Newmont To Sell Yukon's Coffee Project To Fuerte Metals For Up To $150M Including $10M Cash, $40M Equity And 3% Royalty

Author: Benzinga Newsdesk | September 15, 2025 08:35am

Newmont Corporation (NYSE:NEM, TSX:NGT, ASX: NEM, PNGX: NEM))) ("Newmont" or the "Company") announced today that it has agreed to sell its Coffee Project in Yukon, Canada to Fuerte Metals Corporation ("Fuerte") for up to $150 million in total consideration.

The transaction is expected to close in the fourth quarter of 2025, subject to certain conditions being satisfied.1 Under the terms of the agreement, Newmont expects to receive gross proceeds of up to $150 million, which includes:

• Cash consideration of $10 million, due upon closing
• Equity consideration of $40 million in the form of Fuerte shares, to be issued upon closing2
• A 3.0% Net Smelter Return ("NSR") royalty on the Coffee Project, which Fuerte retains the option to repurchase for up to $100 million3

Posted In: NEM TSX:NGT