Metallic Minerals (TSE:MMG) has released an update.
Newmont Corporation has exercised its right to maintain a 9.5% interest in Metallic Minerals by purchasing additional shares, following its strategic investment in the company’s La Plata project in Colorado, which boasts significant copper and silver resources. The collaboration between the two companies includes technical support and expertise from Newmont, contributing to promising exploration results and an anticipated resource expansion in 2024. Metallic Minerals, operating in top North American mining jurisdictions, is advancing its high-grade Keno Hill silver district in Canada and building a royalty business in gold production.
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