Newmont gains on $100 million payment from China's Zijin Mining

Shares of gold miner Newmont NEM.N rise ~2% to $63.40 premarket

NEM says it received $100 million from China's Zijin Mining Group 601899.SS after Parliament of Ghana ratified the renewal of the Akyem East Mining Lease

As per Newmont’s agreement to sell its Akyem operation, Zijin Mining Group had agreed to pay Newmont $100 million upon ratification

"The payment has been received, bringing total after-tax cash proceeds from the sale of Akyem to approximately $770 million" - NEM

NEM expects to generate $3.1 billion in after-tax cash proceeds from its divestiture program in 2025

Up till last close, stock up 66.85% YTD