UPDATE: Newmont Mining to Sell Midas Operation to Klondike Mines for $83M+

Newmont Mining Corporation

today announced the signing of a Stock Purchase Agreement (the “Agreement”) under which Klondex Mines Ltd.

will acquire Newmont's Midas underground operation and mill complex in Nevada for total consideration in excess of $83 million. “We are pleased to have reached agreement with Klondex for the sale of Midas and believe they are well positioned to continue safely and successfully operating the mine,” said Randy Engel, Newmont's Executive Vice President, Strategic Development. “This agreement underscores our ongoing commitment to optimizing our portfolio, as we continue to focus on our longer-life and lower cost core assets.” The purchase price comprises approximately