Newmont Corporation ( NEM - Free Report ) has closed the sale of its Akyem operation in Ghana and Porcupine operation in Canada. These completed transactions mark the conclusion of the company's strategic divestiture program, announced in February 2024, reinforcing Newmont's focus on optimizing its global portfolio. This marks an important milestone for Newmont, which has successfully divested all six non-core assets outlined in its early 2024 program. The cash proceeds received this year will support the company's ongoing efforts to reinforce its balance sheet and deliver value to shareholders through continued share buybacks. The total gross proceeds from the announced divestitures are projected to reach up to $4.3 billion, comprising $3.8 billion from the sale of non-core assets and $527 million from the divestment of other investments.