Newmont Elects to Terminate the Option and Earn-In on Appaloosa Property [Yahoo! Finance]
Newmont Corporation (NEM)
Last newmont corporation earnings: 2/20 06:55 am
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US:NYSE Investor Relations:
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Source: Yahoo! Finance
has received notice from Newmont Corporation (which acquired Newcrest Mining Limited in November 2023) electing to terminate the option and earn-in agreement on the Appaloosa Property ("Appaloosa") between the Company and Newcrest announced on September 28, 2022 and aligned with the end of the Minimum Commitment phase within the earn-in agreement. Appaloosa is a 7 kilometer long mineralized trend inside the Talapoosa land package. During the past 18 months, Newcrest conducted a property-wide, reconnaissance exploration program on Appaloosa. Surface exploration and initial drilling in two areas identified a large potential hydrothermal cell related to and peripheral to the Talapoosa deposit. Reconnaissance work undertaken on Talapoosa indicated potential extensions of the existing deposit in multiple directions and recently discovered an unexplored vein trend with a 450 meter strike length with rock chip samples up to 4 g/t gold. Gunpoint retains 100% ownership of the Talapoosa pro
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NEM
Earnings
- 4/25/24 - Beat
NEM
Sec Filings
- 4/26/24 - Form 8-K
- 4/25/24 - Form 8-K
- 4/12/24 - Form DEFA14A
- NEM's page on the SEC website