The deal was part of several mine sales from Newmont Corp. to reduce debt after acquiring Australia's largest gold producer.

Gold miner Discovery Silver said on Monday it would acquire its peer Newmont's stake in Porcupine Operations in Ontario, Canada, for $425 million.

Discovery Silver is positioning itself as a new Canadian gold producer with an up to $425 million deal to buy Newmont's Porcupine mining operations.

Underground drill samples are transported in sealed bags to the Eagle River Mine assay office in Wawa, Ontario. Samples are analyzed for gold using standard fire assay technique with gravimetric ...

Newmont Corp. has signed a deal to sell its Porcupine operation in Ontario to Discovery Silver Corp. in an agreement worth US$425 million. The Porcupine Complex includes the Hoyle Pond and Pamour mine ...

Torque Metals (ASX:TOR) and Aston Minerals (ASX:ASO) said on Tuesday (January 28) that they have entered into a binding ...

The Porcupine Complex, located near Timmins, Ontario, Canada, has been producing gold for more than 100 years.

The dawn of the 1960s hinted at seismic changes for the country and the beleaguered mining community of Park City. Until 1963, the town’s economy depended exclusively on mining. Since the Great ...

The Prosperity Northwest Business Conference and Trade Show was to begin today, spotlighting regional opportunities in mining, energy, forestry and bioeconomy. Presented by the Thunder Bay Chamber of ...

Barrick Gold Corp. (NYSE: GOLD) is one of the largest gold mining companies in the world and is based in Toronto, Ontario, Canada. The company was founded by Peter Munk and was listed as a ...

Additionally, we are working closely with our partner, Fortuna Mining, on follow-on exploration the drilling ... a proposal to its shareholders for the potential spinout of its Ontario gold properties ...