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Newmont sells entire Orla stake for about $439 million in divestiture push

(Reuters) - Gold miner Newmont said on Friday it sold its stake in Orla Mining for 439millionthroughtheTorontoStockExchangeaspartofitsdivestitureprogram.Thecompanydisposedoftheentire43millionsharesitheldinOrlaMiningat439 million through the Toronto Stock Exchange as part of its divestiture program. The company disposed of the entire 43 million shares it held in Orla Mining at 10.14 per share. Last year, Newmont announced plans to divest non-core assets, trim its workforce and cut debt after its 17.14billionacquisitionofAustralianfirmNewcrest.Newmontwaslookingtounlockmorethan17.14 billion acquisition of Australian firm Newcrest. Newmont was looking to unlock more than 2 billion in cash through portfolio optimiz ...