Newmont completes $1.3B asset sale to Franco-Nevada

Dec 20, 2007 | 05:55 AM |

Newmont Mining Corp., Denver, has completed the sale of its royalty assets and other non-core investments to Franco-Nevada Corp., Toronto, for about $1.3 billion.

Based on the current Canadian dollar exchange rate, Newmont expects to record a pre-tax gain from discontinued operations of about $900 million in the fourth quarter in connection with the sale,....

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