The Bull

Tuesday 27

June, 2017 1:32 PM



Newcrest boosts stake in AIM-listed miner

Newcrest boosts stake in AIM-listed miner

Newcrest Mining has invested a further $US40 million ($A52 million) increases its stake in AIM-listed SolGold Plc to 14.54 per cent.

Share |

By AAP 19.06.2017 09:24 AM

Gold miner Newcrest has boosted its stake in London AIM-listed SolGold Plc to 14.54 per cent, following a capital raising by the company.

The Australian miner, in October 2016, had acquired a 10 per cent stake in SolGold, which owns an 85 per cent interest Cascabel copper-gold project in Northern Ecuador.

Newcrest on Monday said it had invested a further $US40 million ($A52 million) to increase its stake in the company.

Archive
Markets
Index: Points Change Percent

PLEASE SUPPORT OUR SPONSORS, AUSTRALIA'S LEADING BROKERS:



© Copyright The Compare Group Pty Ltd. All rights reserved.