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).
Teck Metals Ltd. wins major tax ruling against B.C. Ministry of Finance It enables the company to deduct millions of dollars in production costs at the giant Highland Valley mine near Kamloops by Charlie Smith on December 27th, 2020 at 8:48 AM 1 of 1 2 of 1
B.C. s largest mining company may have significantly more money to either reinvest or return to its shareholders in the form of dividends.
That s because Teck Metals Ltd., a subsidiary of Vancouver-based Teck Resources, has won a tax ruling against the B.C. Ministry of Finance in B.C. Supreme Court.
The provincial tax collector previously ruled that Teck could only write off 50 percent of its exploration costs on the Galore Creek Mine on its 2011 and 2012 tax returns.