Newcrest Mining Limited
(ASX:NCM) has announced it has fully divested its holding in Evolution Mining as at the close of business yesterday.
The company says net proceeds from the sale of Evolution shares of $125 million have been applied to pay down debt.
The gold miner has had its share of media attention recently after a fatality at its Cadia Ridgeway gold mine last month, and a fatality at Hidden Valley in PNG back in July.
Newcrest Mining reported a net profit of $560 million at 30 June.
