Northwire Canada EditionWednesday, August 5, 2026
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SGML 14.71 −5.1% DEF 0.175 +6.1% UCU 3.49 +1.2% BBB 0.670 −1.5% PML 1.68 +1.2% GR 0.065 +0.0% GSKR 3.45 +4.9% LAR 8.96 −1.0% LSTR 0.090 +28.6% NTH 0.160 −3.0% BVA 0.800 −3.6% OTMC 0.400 +14.3% GPAC 0.335 +8.1% LEGY 0.940 +0.0% CVB 0.150 +0.0% SCZ 11.00 +8.0% SGML 14.71 −5.1% DEF 0.175 +6.1% UCU 3.49 +1.2% BBB 0.670 −1.5% PML 1.68 +1.2% GR 0.065 +0.0% GSKR 3.45 +4.9% LAR 8.96 −1.0% LSTR 0.090 +28.6% NTH 0.160 −3.0% BVA 0.800 −3.6% OTMC 0.400 +14.3% GPAC 0.335 +8.1% LEGY 0.940 +0.0% CVB 0.150 +0.0% SCZ 11.00 +8.0%
M&A / Property

Newmont completes sale of 43 million Orla shares

By The Northwire Desk — AI Analysis Sep 19, 2025 · 15:58 OLA · 15.26 Orla Mining Ltd.
OLA · Price

Executive Summary

  • Newmont Corp. completed the sale of its entire 13.3% stake (43,245,294 common shares) in Orla Mining Ltd. on the Toronto Stock Exchange.
  • The transaction generated aggregate gross proceeds of $439 million USD ($605 million CAD) at a price of $10.14 USD ($14 CAD) per share.
  • Proceeds will be used to support Newmont’s capital allocation priorities, reflecting a strategic streamlining of its equity portfolio.

Key Details

  • Shares Sold: 43,245,294 common shares (approximately 13.3% of Orla’s issued and outstanding common shares on a non‑diluted basis).
  • Sale Price: $10.14 USD ($14 CAD) per share.
  • Gross Proceeds: $439 million USD ($605 million CAD).
  • Transaction Venue: Executed through the facilities of the Toronto Stock Exchange.
  • Resulting Ownership: Newmont no longer holds any common shares of Orla Mining Ltd.
  • Strategic Rationale: Sale aligns with Newmont’s commitment to streamline its equity portfolio and unlock cash for capital allocation priorities.
  • Future Flexibility: Newmont may consider increasing its beneficial ownership in Orla through future market transactions or private agreements, subject to price and market conditions.

Notable Quotes

“Today's announcement demonstrates Newmont's ongoing commitment to streamlining our equity portfolio and unlocks significant cash to support Newmont's capital allocation priorities,” – Tom Palmer, CEO, Newmont Corp.

“Orla's portfolio has been built, in part, through the acquisition of former Newmont assets… we remain focused on creating long‑term value for our stakeholders while broadening and diversifying our investor base,” – Jason Simpson, President & CEO, Orla Mining Ltd.

Read the original news release →

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