Fury Gold Mines (TSX: FURY) (NYSE: FURY) and Newmont Corporation (NSYE: NEM) (TSX: NGT) have come to an agreement for Fury to buy Newmont’s 49 per cent interest in the Éléonore South project in Quebec for CAD$3 million.
Fury also announced on Monday that it would pay CAD$1.3 million to buy 30.4 shares of Sirios Resources (TSXV: SOI) held by Newmont as part of the consolidation for Éléonore South.
Newmont’s Éléonore mine is located to the north, and Sirios’ Cheechoo deposit lies to the east in an area of prolific gold mineralization, encompassing the Éléonore South project. This decision came as part of Newmont’s bid to sell six of its non-core assets.
These assets include Éléonore in Quebec, the Musselwhite and Porcupine mines in Ontario, the Coffee project in the Yukon Territory, and its 70 per cent stake in the Havieron joint venture with Greatland Gold (LON: GGP) in Western Australia. All of the proceeds from…
