Newmont Corporation has completed its acquisition of Canadian miner GT Gold in a deal value at some C$393 million (US$326 million), the company said in a statement.
“With the acquisition of GT Gold and the Tatogga project in the highly sought-after Golden Triangle district of British Columbia, Canada, New-mont continues to strengthen our world-class portfolio,” said Tom Palmer, the president and chief executive of Newmont.
The latest takeover “includes the Tatogga project, comprised primarily of the Saddle North deposit, which has the potential to contribute future sig-nificant gold and copper annual production,” the statement said.
Newmont says it is a leading gold company and a producer of copper, silver, zinc and lead. The miner’s portfolio of assets, prospects and work-force is located in North America, South America, Australia and Africa, according to data from Newmont.