https://www.miningweekly.com
Copper|Gold|PROJECT|System
Copper|Gold|PROJECT|System
copper|gold|project|system

Newmont closes GT Gold acquisition

18th May 2021

By: Creamer Media Reporter

     

Font size: - +

Bullion major Newmont Gold has completed the previously announced acquisition of junior GT Gold and is now the owner of the Tatogga project, in Canada.

“Newmont is excited to have the Tatogga project in the highly-sought after Golden Triangle district of British Columbia become part of our world-class portfolio and part of our future,” said president and CEO Tom Palmer in a statement.

GT Gold has made two significant discoveries on the Tatogga property, Saddle South, a precious metal rich vein system and Saddle North, a gold-rich copper porphyry system.

Shareholders approved the arrangement at a special meeting on May 6, and four days later, the Supreme Court of British Columbia gave its nod.

Under the terms of the transaction, GT Gold shareholders would receive C$3.25 a common share in cash.

Edited by Creamer Media Reporter

Comments

Showroom

SABAT
SABAT

From batteries for boats and jet skis, to batteries for cars and quad bikes, SABAT Batteries has positioned itself as the lifestyle battery of...

VISIT SHOWROOM 
Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.199 0.234s - 89pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: