Newmont secures $500M from Canadian government for project

Newmont's Red Chris Mine is in the Golden Triangle of British Columbia.

Canadian Prime Minister Mark Carney and the Premier of British Columbia David Eby signed a new Canada-British Columbia Cooperative Prosperity Agreement, which will further accelerate the construction of major energy and trade corridors throughout the province, including the Red Chris gold-copper mine expansion. The government said it would invest C$500 million to expand the mine, which will increase Canada’s annual…

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Newmont completes sale of three operations

Global miner Newmont Corp. has completed the previously disclosed sales of the Musselwhite and Éléonore operations in Canada and the Cripple Creek & Victor operation in the United States, as part of a divestment plan of non-core assets. Orla Mining purchased the Musselwhite gold mine in Ontario for an upfront cash consideration of $810 million and gold-price linked contingent consideration…

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