Newmont sells out of Australian gold miner Regis

March 11, 2016

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US gold giant Newmont Mining said it is selling its stake in Australian miner Regis Resources to institutional investors for $182-million.

Newmont, which is taking advantage of a sustained rally in the price of gold and the rising value of Australian gold miners, said it would sell its entire 19.45% interest, or 97.2-million shares.

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