Glonghui, April 8, 丨 Asia Pacific Resources (01104.HK) announced that on April 4, 2024 (New York time zone), the subsidiary acquired a total of 150,000 Newmont shares through an on-market transaction on the New York Stock Exchange (equivalent to approximately 0.013% of Newmont's total issued share capital at the date of this announcement). The total cost was approximately US$5.65 million (excluding transaction costs), or approximately HK$29.67 (equivalent to approximately HK$294.90) per share. The acquisition was completed on April 8, 2024.
NEWMONT is an American gold mining company whose shares are listed on the New York Stock Exchange (stock code: NEM). Newmont is a leading global gold company and producer of copper, silver, zinc and lead. Its assets, prospects and talent portfolio are mainly distributed in mining jurisdictions in Africa, Australia, Latin America and the Caribbean, North America, and Papua New Guinea.
Newmont is the world's leading gold company and the only gold producer included in the S&P 500 index. Considering that Newmont's stock price is close to a 10-year low, and that rising gold prices may be affected by ongoing global geopolitical issues, the directors believe that such acquisitions are attractive investments and can enhance the company's return on investment.