Newcrest Mining sells royalty portfolio for $37.5 million

SYDNEY, AUSTRALIA: Newcrest Mining Limited (TSX: NCM) has entered into definitive agreements with Altus Strategies (LON: ALS) and AlphaStream Limited to sell a portfolio of 24 royalties. Newcrest will receive total cash consideration of approximately US$37.5 million from Altus and AlphaStream payable upon completion of the transaction. Completion of the transaction is expected to occur…