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Newmont Announces Akyem Mining Lease Ratification, Unlocking $100 Million Payment

1. Newmont's Akyem East Mining Lease in Ghana renewed, boosting cash flow. 2. Zijin paid $100 million to Newmont for the lease ratification.

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FAQ

Why Bullish?

The $100 million payment improves liquidity; similar past announcements often boosted shares.

How important is it?

Renewal increases operational stability and liquidity, key for investor confidence.

Why Short Term?

Immediate cash infusion can influence short-term market sentiment positively.

Related Companies

Zijin Mining Group
DENVER--(BUSINESS WIRE)--Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) (“Newmont” or the “Company”) is pleased to announce that the Parliament of Ghana has ratified the renewal of the Akyem East Mining Lease (the “Lease Ratification”). Per Newmont's definitive agreement to divest its Akyem operation in the Republic of Ghana, Zijin Mining Group Co., Ltd. (“Zijin”) agreed to pay Newmont $100 million upon receipt of the Lease Ratification. The payment has been received, bringing t.

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