Canadian gold miner Fury Gold Mines (TSX:FURY) announced on Monday that it has reached an agreement with Newmont Corporation (TSX:NGT) to acquire Newmont’s 49.978% interest in the Éléonore South gold project in Quebec, Canada for CAD$3 million (approximately US$2.2 million).
As part of the deal, Fury Gold will also purchase around 30.4 million shares of Sirios Resources held by Newmont for investment purposes, spending CAD$1.3 million (nearly US$960,000) to do so.
Tim Clark, CEO of Fury Gold Mines, commented in a press release: “We value the strong relationship with Newmont and are confident that this transaction is a positive outcome for both companies. Our team has historically ranked the ESJV as one of our more prolific targets for discovery. As such, we are excited to now have 100% ownership as we expect this to provide a clearer pathway for more exploration and potential upside in returns for…
