"We are pleased to have completed the sale of Jundee as part of our ongoing effort to increase shareholder value by focusing on lower cost, longer life operations," said Randy Engel, Newmont’s Executive Vice President for Strategic Development. "With the closing of this sale, Newmont has generated approximately US$800 million in proceeds over the last 12 months from the divestment of non-core assets."
The Jundee gold mine is located 520 kilometers north of Kalgoorlie in Western Australia. Production began in 1995 from a complex of open pit mines that have now ceased operation. Underground mining began in 1997 and continues today. All existing fixed plant and onsite equipment owned by Newmont was transferred to Northern Star and the majority of Jundee’s non-contract staff were offered continuing employment. Jundee produced 279,000 ounces of gold in 2013.
