Newmont strikes $393-million deal to buy B C mining explorer GT Gold Corp theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.
Newmont Announces Acquisition of GT Gold
Supports Position as World’s Leading Gold Company and Enhances World-Class Portfolio Newmont Corporation and GT Gold Corp. announced that the companies have entered into a binding agreement in which Newmont will acquire the remaining 85.1% of common shares of GT Gold not already owned by Newmont. Under the terms of the agreement, Newmont will acquire each GT Gold share at a price of C$3.25, for cash consideration … Supports Position as World’s Leading Gold Company and Enhances World-Class Portfolio Newmont Corporation (NYSE: NEM, TSX:NGT) and GT Gold Corp. (TSX-V: GTT) announced that the companies have entered into a binding agreement in which Newmont will acquire the remaining 85.1% of common shares of GT Gold not already owned by Newmont. Under the terms of the agreement, Newmont will acquire each GT Gold share at a price of C$3.25, for cash consideration of approximately US$311 million (C$393.0 million).
Newmont To Acquire GT Gold And Tatogga Project
WASHINGTON (dpa-AFX) - Newmont Corp. (NEM, NGT.TO) and GT Gold Corp. (GTT.V) have entered into a binding agreement, according to which Newmont will acquire the remaining 85.1% of common shares of GT Gold not already owned by Newmont. Newmont will acquire each GT Gold share at a price of C$3.25, for cash consideration of approximately C$393.0 million.
GT Gold is engaged in advancing its wholly-owned, 47,500 hectare Tatogga property, located near Iskut, British Columbia. To date, GT Gold has made two significant discoveries on the Tatogga property. We are excited to expand our world-class portfolio to include the Tatogga project in the Tahltan Territory located in the highly sought-after Golden Triangle district of British Columbia, Canada, said Newmont CEO Tom Palmer.
CALGARY — International gold producer Newmont Corp. says it has struck a deal to take over the junior Canadian miner developing the Tatogga gold-copper discoveries in the Golden Triangle region of . . .