Newmont Completes Purchase of GT Gold

The snow has cleared from the Tatogga lodge in British Columbia’s Golden Triangle.
Newmont Corp. has completed the acquisition of GT Gold Corp. It purchased the remaining 85.1% of common shares of GT Gold not already owned by the company. GT Gold owns the Tatogga project in the Stikine region of northwestern British Columbia, comprised primarily of the Saddle North deposit, which the company said has the potential to contribute future significant gold and copper annual production.

“With the acquisition of GT Gold and the Tatogga project in the highly sought-after Golden Triangle district of British Columbia, Canada, Newmont continues to strengthen our world-class portfolio,” Newmont President and CEO Tom Palmer said. “We look forward to continuing to build a respectful and meaningful relationship with the Tahltan Nation, including the community of Iskut. The relationships we have with indigenous communities, First Nations and host communities are critical to the way we operate. We will partner with the Tahltan Nation at all levels, and with the Government of British Columbia to ensure a shared path forward as the company understands and acknowledges that Tahltan consent is necessary for advancing the Tatogga project.”

There are also further exploration opportunities beyond the known deposits at Saddle North within the land package. The Tatogga project adds to Newmont’s existing interest in the prospective Golden Triangle through the company’s 50% ownership in the Galore Creek project.

As featured in Womp 2021 Vol 06 -