Newmont Enhances Long-term Growth Position in Guiana Shield
[Click image to enlarge]
Newmont Mining Corporation entered into an agreement to further explore the prospective Esperance gold discovery in French Guiana, owned by Compagnie Miniere Esperance (CME). The agreement entitles Newmont to earn up to a 70 percent interest in the property through multi-year investments.
The early stage discovery, with multi-million ounce potential, was identified by CME on its existing land holdings following completion of active mining at the Esperance operation in 2010. The area contains multiple proximal undrilled targets.
“We continue to strengthen our long-term growth pipeline in promising exploration districts. Our agreement with CME allows us to build our business in the highly prospective Guiana Shield, where we completed the Merian mine safely, on schedule and 20 percent below budget just over a year ago,” said Gary Goldberg, president and chief executive officer.
In 2017, Newmont increased its exploration and advanced projects investments by approximately 25 percent, with about two-thirds of that amount going to fund more brownfields and greenfields exploration.
About Newmont
Newmont is a leading gold and copper producer. The company’s operations are primarily in the United States, Australia, Ghana, Peru and Suriname. Newmont is the only gold producer listed in the S&P 500 Index and was named the mining industry leader by the Dow Jones Sustainability World Index in 2015, 2016 and 2017. The company is an industry leader in value creation, supported by its leading technical, environmental, social and safety performance. Newmont was founded in 1921 and has been publicly traded since 1925.
To stop by Newmont’s website, CLICK HERE
Be in-the-know when you’re on-the-go!
FREE eNews delivery service to your email twice-weekly. With a focus on lead-driven news, our news service will help you develop new business contacts on an on-going basis.
CLICK HERE to register your email address.
Copyright © 2017 Mining Connection LLC. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
For licensing permission, .(JavaScript must be enabled to view this email address)
