Gold producer, Newcrest Mining (ASX:NCM) has inked a deal to sell its Ivory Coast Bonikro mining interests for $81 million.
Newcrest 89.89 per cent holding is being sold to a consortium of buyers for $72 million cash, plus a smelter royalty of $9 million.
The sales follows the gold giant’s strategic review, which delivers value to Newcrest shareholders.
Newcrest’s guidance will be updated after the transaction is completed, while the effective date of the sale will be 1 October 2017.
Shares in Newcrest Mining (ASX:NCM) are trading 0.78 per cent lower to $22.29.