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Newmont buys out Buenaventura's Yanacocha stake for US$300M

Peru’s Buenaventura has sold its 43.65% stake in the Yanacocha mine in Cajamarca, Peru to majority partner Newmont for US$300 million with additional contingent payments of up to $100 million tied to future increases in metal prices.

Newmont buys out Buenaventura's Yanacocha stake for US$300M Newmont buys out Buenaventura's Yanacocha stake for US$300M Newmont buys out Buenaventura's Yanacocha stake for US$300M Newmont buys out Buenaventura's Yanacocha stake for US$300M Newmont buys out Buenaventura's Yanacocha stake for US$300M

Yanacocha in Cajamarca, Peru

Concurrently, Newmont will transfer its ownership interest in the La Zanja joint venture to Buenaventura in exchange for royalties on any future production from the operation and will contribute $45