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Newcrest Mining Announces to Acquire Potential Tier 1 Orebody in Canada

11 Mar 2019  |  07:41:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Newcrest to acquire potential Tier 1 orebody in Canada

Newcrest Mining entered into an agreement with TSX-listed Imperial Metals to acquire a 70% JV interest in, and operatorship of, the Red Chris mine and surrounding tenements in British Columbia, Canada (Red Chris) for US$806.5m. The acquisition of Red Chris is a measured entry into North America and aligns with its stated strategic goals of building a global portfolio of Tier 1 orebodies, where it can deliver value through application of its operating capabilities.

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