Newmont sells stake in Yanacocha gold mine to Japan’s Sumitomo for $48 million

Newmont Mining Corp. (NYSE: NEM) and Peruvian partner Buenaventura have sold Japan’s Sumitomo Corp. a 5%-stake in their Yanacocha gold mine in Peru for $48 million, making the Asian trading house a partner in the business. The US miner and Buenaventura’s...