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).
American Creek Resources Ltd.: American Creek Reports That JV Partner Tudor Gold Completes Initial Mineral Resource Estimate at Treaty Creek; 19.4 Million Ounces of 0.74 gpt AuEq of Measured and Indicated Mineral Resources and 7.9 Million Ounces of 0.79 g
7.90
Mineral Resources are not Mineral Reserves do not have demonstrated economic viability. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues. There is no certainty that Mineral Resources will be converted to Mineral Reserves.
The Inferred Mineral Resource in this estimate has a lower level of confidence than that applied to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that the majority of the Inferred Mineral Resource could be upgraded to an Indicated Mineral Resource with continued exploration.
Gold Companies Expand Exploration and Production as Market Heats Up
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NEW YORK, March 1, 2021 /PRNewswire/ The gold market is once again heating up as the US dollar weakens and crude oil prices solidify. Global stock markets have weakened in recent weeks and key markets are experiencing high inflation, signaling that market lows could continue into the year. Federal Reserve Chairman Jay Powell
gave testimony to the Senate Banking Committee on February 23, noting that economic recovery remains uneven and far from complete, and the path ahead is highly uncertain. This uncertainty may signal a big few months for the gold industry as companies like
Contributed Opinion
Streetwise Reports (12/17/20) Maurice Jackson of Proven and Probable talks through the possibilities at the historical Dolly Varden Silver Mine in British Columbia with CEO Shawn Khunkhun.
It s a pleasure to speak with you today to discuss the opportunity before us and Dolly Varden, which is focused on new discoveries in a historical mining camp. Sir, before we begin, please provide us with an overview of Dolly Varden Silver Corp. and the unique value proposition the company presents to the market.
Shawn Khunkhun: Dolly Varden is a very rare opportunity for speculators, as we are amongst a very small group of companies that are considered a pure-play silver company. In a landscape that represents thousands of mining companies, there s only a handful of pure silver projects. What makes Dolly very rare amongst a very small group of companies is the fact that our project is located outside of the camp. It s located outside of Chile, Argentina, Mexico a