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Metals & Mining M&A image Metals & Mining M&A » By The Online Investor Staff, updated Fri., Jul. 3, 6:54 PM Recent mergers and acquisitions in the Metals & Mining M&A category.

Slide #53. Klondex Mines Ltd. Newmont Midas Operation

Acquirer: Klondex Mines Ltd. (KDX.CA)
Acquiree: Newmont Midas Operation (NEM)
Details: Newmont Mining Corporation (NYSE:NEM) ("Newmont" or "the Company") announced it successfully completed the sale of its Midas operation in Nevada to Klondex Mines Ltd. (TSX:KDX.CA) ("Klondex") for total consideration in excess of $83 million.

Klondex Mines is engaged in the business of owning, acquiring, exploiting, exploring, developing and evaluating mineral properties, and either joint venturing or developing these properties further or disposing of them when the evaluation is completed. Co. has interests in properties all located in the State of Nevada, the United States. The recoverability of amounts shown as mineral properties and deferred exploration costs is dependent upon the existence of economically recoverable reserves, the ability of Co. to obtain necessary financing to complete their development, and future profitable production or disposition thereof.

Open the KDX.CA Page at The Online Investor »

Klondex Mines is engaged in the business of owning, acquiring, exploiting, exploring, developing and evaluating mineral properties, and either joint venturing or developing these properties further or disposing of them when the evaluation is completed. Co. has interests in properties all located in the State of Nevada, the United States. The recoverability of amounts shown as mineral properties and deferred exploration costs is dependent upon the existence of economically recoverable reserves, the ability of Co. to obtain necessary financing to complete their development, and future profitable production or disposition thereof.

Open the NEM Page at The Online Investor »

Company Name: 
Klondex Mines Ltd.
Website: 
www.klondexmines.com
Sector: 
Precious Metals
Company Name: 
Newmont Corp
Website: 
www.newmont.com
Sector: 
Precious Metals
Number of ETFs Holding NEM: 
107
Total Market Value Held by ETFs: 
$9.59B
Total Market Capitalization: 
$49.25B
% of Market Cap. Held by ETFs: 
19.48%
 

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