Articles for tag: Gold, Greatland, Havieron, million, Newmont, sells, stake, Telfer

Striking Gold: Greatland Gold Acquires Telfer, Havieron Stake from Newmont for $475 Million

Newmont’s Divestiture Program Gains Traction Newmont’s bold divestiture program gained momentum with the recent sale of Telfer and Havieron to Greatland Gold for a substantial $475 million. These assets were part of a strategic move devised by Newmont earlier this year, including the likes of Éléonore, Musselwhite, Porcupine, CC&V, and Akyem mines. Greatland Gold’s Promising Predicament The acquisition marks a significant step for Greatland Gold, positioning them favorably to take charge of the Havieron gold-copper project. This endeavor, initiated back in 2018 and a focus of Australian junior’s efforts, is set to align with existing infrastructure from the Telfer mine.