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Newcrest Mining Announces to Acquire Orebody in Canada - Presentation

11 Mar 2019  |  07:45:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Newcrest to acquire orebody in Canada - Presentation

Newcrest Mining announced to acquire orebody in Canada. It has agreed to acquire 70% of the Red Chris mine from Imperial Metals for a cash amount of US$806.5m. The transaction is expected to close in Q3 CY 2019. It plans to fund the acquisition from cash and committed undrawn bank facilities which together amounted to over US$3.0bn as at 31 December 2018.

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