Newmont Completed Acquisition of GT Gold Assets

SEATTLE (Scrap Monster): Newmont Corporation announced that it has completed acquisition of assets of GT Gold Corp. The company acquired the remaining 85.1% of common shares of the company, which were already not owned by it. By addition of highly sought-after assets, Newmont has further enhanced its world-class portfolio.

Tom Palmer, President and CEO, Newmont noted that the company has strengthened its world-class portfolio with the acquisition of GT Gold and the Tatogga project in the highly sought-after Golden Triangle district of British Columbia. The company will partner with the Tahltan Nation at all levels, including the community of Iskut and with the provincial government in its forward journey, he added. It must be noted that consent by Tahltan is essential for advancement of the Tatogga project.

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The acquired assets comprise the Tatogga project, which includes the Saddle North deposit, which is expected to contribute significantly to the company’s gold and copper production. The acquired assets also offer additional exploration opportunities.

Newmont already has access to the strategic Golden Triangle through its 50% ownership venture in the Galore Creek project.

Newmont Corporation owns a total of 12 operating mines across the world, supporting more than 14,000 employees.