[ad_1]
Greatland Gold seals $714m deal with Newmont for Telfer and full control of Havieron
Greatland Gold has inked a $US475 million ($714m) cash-and-scrip deal to buy Newmont’s ageing Telfer gold mine in the Pilbara and sweep up the remaining interest it doesn’t already own in the nearby Havieron discovery.
The Andrew Forrest-backed gold explorer told the London Stock Exchange overnight Tuesday that the acquisition included cash of $US207.5m, $US167.5m for 2.7 million new Greatland shares and a deferred contingent cash consideration of up to $US100m once Havieron starts commercial production.
Premium
Subscribers with digital access can view this article.
Already a subscriber?
Login here.
[ad_2]
Source link
#Greatland #Gold #seals #714m #deal #Newmont #Telfer #full #control #Havieron