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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| GT Gold Corp | TSXV:GTT | TSX Venture | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 3.40 | 3.90 | 3.20 | 0 | 01:00:00 |
From May 2019 to May 2024
By Colin Kellaher
Newmont Corp. on Wednesday said it agreed to buy the 85.1% of Canadian gold miner GT Gold Corp. it doesn't already own for about $311 million.
The Greenwood Village, Colo., gold giant said it would pay C$3.25 ($2.57) a share in cash for GT Gold, a nearly 62% premium to Tuesday's closing price of C$2.01 for the Vancouver, British Columbia, miner.
Newmont said the deal bolsters its position in British Columbia's Golden Triangle with the addition of GT Gold's Tatogga project.
Newmont said Tatogga has the potential to contribute significant gold and copper annual production at attractive all-in sustaining costs over a long mine life, adding that it expects to complete the acquisition in the second quarter.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
March 10, 2021 07:34 ET (12:34 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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