Orosur Mining investor Newmont sells 9.4% interest

Executive Summary

• Newmont Mining Corp. sold its approximately 9.4 % stake in Orosur Mining Inc. to several institutional long‑term investors at C$0.19 per share.
• The divestiture is part of Newmont’s non‑core asset disposal program; no change to Orosur’s operations was indicated.
• Newmont signaled it could increase its ownership in the future, subject to price and market conditions.

Key Details

• Stake sold: ~9.4 % of Orosur Mining Inc., previously held by Newmont Mining Corp.
• Sale price: C$0.19 per common share of Orosur.
• Buyers: Multiple institutional long‑term investors (specific names not disclosed).
• Rationale: Aligns with Newmont’s program of non‑core divestments.
• Future possibility: Newmont indicated it may increase its beneficial ownership, control, or direction over Orosur shares through market transactions, private agreements, or other means, depending on price and market conditions.
• Executive comment: Orosur Executive Chairman Louis Castro expressed regret at Newmont’s exit but highlighted continued support from new long‑term investors and confidence in Orosur’s growth projects.

Notable Quotes

“Whilst we are sad to see Newmont go, we understand that the sale of the stake is part of Newmont's strategy of non‑core disposals… Their investment is testament to the potential of the projects we are developing.” – Louis Castro, Executive Chairman, Orosur Mining Inc.