The investment includes a $25m gold stream and royalty on the Relief Canyon mine when it reopens, a $10m convertible debenture, and a $7.5m equity subscription.
The holder of over 14 million Newmont shares sent the CEO a letter that outlines how the deal, under the current terms, creates negative value for Newmont shareholders.
Despite gold's price slump, strong copper and iron ore prices lifted MINING.COM's ranking of the world's 50 most valuable miners to a new record high of $1.35 trillion.