Telfer is comprises the West Dome open pits and underground mines. Telfer produces gold and copper via a large, dual train, comminution circuit followed by flotation and cyanide circuits, which produce gold doré and a copper-gold concentrate.
Based on a comprehensive review of Newmont’s portfolio of assets following the Newcrest acquisition, the Company’s Board of Directors approved a portfolio optimization program to divest six non-core assets and a development project in February 2024. The non-core assets to be divested include Telfer, Akyem, Cripple Creek & Victor, Éléonore, Porcupine, Musselwhite, and a development project in Canada. In February 2024, the Company concluded that these non-core assets and the development project met the accounting requirements to be presented as Held for Sale in the first quarter of 2024. The sale is probable and will be completed within 12 months. |