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