Newmont Sells Royalty Portfolio for $90 Million

Newmont-21092020

DENVER–(BUSINESS WIRE)– Newmont Corporation (NYSE: NEM, TSX: NGT) (Newmont or the Company) announced today that it has entered into a denitive agreement with Maverix Metals Inc. (NYSE American & TSX: MMX) (Maverix) to sell a portfolio of eleven royalties (the Transaction). Newmont will receive total consideration of approximately $90 million from Maverix, consisting of $15 million in cash, 12 million Maverix common shares, and up to $15 million in contingent cash payments payable upon completion of certain milestones.

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