Bullboard - Stock Discussion Forum Teuton Resources Corp V.TUO

Alternate Symbol(s): TEUTF

Metals & Mining Industrial Metals & Minerals

Teuton Resources Corp. is a Canada-based exploration stage company. The Company is in the business of acquiring, exploring and dealing in mineral properties in the province of British Columbia, Canada. It owns interests in more than thirty properties in the prolific Golden Triangle area of northwest British Columbia. The Company’s property portfolio includes, Treaty Creek Property, Eskay Rift... see more

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TSXV:TUO - Post Discussion

Teuton Resources Corp > don't count a newmont bid for AMK out just yet

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Post by highper on Nov 25, 2024 5:33pm

don't count a newmont bid for AMK out just yet

Newmont sells lonore mine in Quebec for $795m

Staff Writer | November 25, 2024

https://www.mining.com/newmont-sells-eleonore-mine-in-quebec-for-795m/

The world’s largest gold miner stated that the lonore deal and other sales announced in 2024 would help raise a total of $3.6 billion.

“When we announced the acquisition of Newcrest in 2023, we committed to generating at least $2 billion in cash through portfolio optimization. With this announced sale, we have meaningfully exceeded our target by more than $1.5 billion to date,” said Tom Palmer, Newmont’s President and CEO.