Precious Metals M&A » By The Online Investor Staff, updated Tue., Aug. 9, 3:31 AM
Recent mergers and acquisitions in the Precious Metals M&A category.
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Slide #49. Klondex Mines Ltd. — Newmont's Midas underground operation and mill complex in Nevada
Acquirer:
Klondex Mines Ltd. (KDX.CA)
Acquiree:
Newmont's Midas underground operation and mill complex in Nevada (NEM)
Details:
Newmont Mining Corporation (NYSE:NEM) ("Newmont") today announced the signing of a Stock Purchase Agreement (the "Agreement") under which Klondex Mines Ltd. (TSX:KDX.CA) ("Klondex") will acquire Newmont's Midas underground operation and mill complex in Nevada 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 »
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