Bullboard - Stock Discussion Forum Western Copper and Gold Corp T.WRN

Alternate Symbol(s): WRN

Metals & Mining Industrial Metals & Minerals

Western Copper and Gold Corporation is a Canada-based mining company. The Company is engaged in developing the Casino Project. The Casino Project is a copper-gold mining project in Yukon, Canada. The Casino porphyry copper-gold-molybdenum deposit is located in west central Yukon, in the northwest trending Dawson Range mountains, approximately 300 kilometers (km) northwest of the territorial... see more

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Western Copper and Gold Corp > Zijin Buying Newmont Property in Ghana

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Post by EvenSteven27 on Oct 09, 2024 10:48am

Zijin Buying Newmont Property in Ghana

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Chinese group buys Newmont Ghana mine for $1bn

Newmont CEO Tom Palmer

9th October 2024

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

US-based gold major Newmont has agreed to sell its Akyem mine, in Ghana, to Chinese mining giant Zijin Mining for up to $1-billion in cash.

The sale forms part of the miner’s ongoing strategy to offload noncore assets following the closing of its acquisition of Newcrest Mining in 2023.

Newmont divesting of tier 2 producing assets first. Next phase is divesting of tier 2 development assets in Q1 2025 (Coffee will be on the block at that time). Will be interesting to see who the buyer is.

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