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Newmont sells stake in Yanacocha gold mine to Japan’s Sumitomo for $48 million

Cecilia Jamasmie | June 21, 2018 | 3:50 am Base Metals Precious Metals Top Companies Asia Canada Europe Latin America Copper Gold 

Newmont Mining Corp. (NYSE: NEM) and Peruvian partner Buenaventura have sold Japan’s Sumitomo Corp. a 5%-stake in their Yanacocha gold mine in Peru for $48 million, making the Asian trading house a partner in the business. The US miner and Buenaventura’s...

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