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BRIEF-Newmont Acquires 50 Percent Stake In Galore Creek Project In British Columbia

Published 2018-07-26, 07:14 a/m
© Reuters.  BRIEF-Newmont Acquires 50 Percent Stake In Galore Creek Project In British Columbia
NEM
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July 26 (Reuters) - Newmont Mining Corp (NYSE:NEM) NEM.N :

* NEWMONT ACQUIRES 50 PERCENT STAKE IN GALORE CREEK PROJECT IN BRITISH COLUMBIA

* NEWMONT MINING CORP - NOVAGOLD AGREEMENT ENCOMPASSES A STAGED AND CONTINGENT INVESTMENT OF $275 MILLION

* NEWMONT MINING - AGREEMENTS TO BUY 50 PERCENT INTEREST IN GALORE CREEK PARTNERSHIP FROM NOVAGOLD RESOURCES, TO FORM PARTNERSHIP WITH TECK RESOURCES

* NEWMONT MINING - NOVAGOLD DEAL HAS INITIAL PAYMENT OF $100 MILLION; PAYMENT OF $75 MILLION ON EARLIER OF PREFEASIBILITY STUDY COMPLETION/3 YRS FROM CLOSING

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