Edition:
India

Novagold To Sell Its 50% Stake In Galore Creek To Newmont For Up To $275 Mln


Thursday, 26 Jul 2018 

July 26 (Reuters) - NovaGold Resources Inc ::PRESS RELEASE - NOVAGOLD ENTERS AGREEMENT TO SELL ITS 50% STAKE IN GALORE CREEK TO NEWMONT FOR UP TO $275 MILLION.NOVAGOLD RESOURCES INC - UNDER TERMS OF AGREEMENT, NOVAGOLD WILL RECEIVE TOTAL CONSIDERATION OF UP TO $275 MILLION.NOVAGOLD RESOURCES - AS PART OF TRANSACTION, NEWMONT WILL ALSO ACQUIRE COMPANY'S 40% INTEREST IN ADJACENT COPPER CANYON MINERAL PROPERTY.NOVAGOLD RESOURCES INC - REMAINING 60% OF COPPER CANYON PROPERTY IS OWNED BY GCP.NOVAGOLD RESOURCES INC - EXPECTS TO RECORD AN AFTER-TAX LOSS OF APPROXIMATELY $92 MILLION ON COMPLETION OF SALE. 

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23 Apr 2019