Newmont is set to voluntarily delist its common shares from the Toronto Stock Exchange (TSX) by 24 September 2025.
The mining giant, which maintains its primary listing on the New York Stock Exchange (NYSE), has cited low trading volumes on the TSX as the primary reason for this strategic move.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The delisting is expected to enhance administrative efficiency and lower costs, benefitting Newmont’s shareholders.
In addition to the NYSE, Newmont will continue supporting its listings on the Australian Securities Exchange (ASX) and the Papua New Guinea Stock Exchange (PNGX).
The company has advised shareholders trading on the TSX to consult their brokers or financial advisors to discuss available trading options. Newmont encourages maintaining shares in the company’s primary listing on the NYSE.
The company has assured that its broad investor base will retain the ability to trade shares across multiple exchanges including the NYSE, ASX and PNGX under the symbol ‘NEM’.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataNewmont has determined that seeking security holder approval for the TSX delisting is unnecessary, as the shares are already trading on acceptable alternative markets.
Furthermore, at the beginning of April, Newmont disclosed the successful sale of its Akyem project in Ghana and its Porcupine project in Canada.
These sales are part of Newmont’s strategy to offload non-essential assets, which is anticipated to bring in as much as $4.3bn in total revenue.
In a separate development news, Chrysos Corporation has entered a master services agreement (MSA) with Newmont to implement its innovative PhotonAssay technology.
This technology promises to revolutionise analysis of gold, silver, copper and other elements with its rapid, environmentally friendly process.
By utilising high-energy X-rays, Chrysos PhotonAssay can deliver enhanced elemental analysis in as little as two minutes.
