Titan's total shareholding in Core Gold would amount to 56.7%.

The increase was partly due to the launch of production at a mine owned by Australia's Resolute Mining.

The license was issued for an initial period of 20 years.

The sale proceeds will be used to reduce debt.

Newmont has identified five target areas, none of which have been drill tested.

Drill highlights include 36.6 metres of 2.43 g/t gold from outside of the current resource limits.

Azimut considers the intercepts the most significant gold exploration results in the James Bay region since the discovery of Éléonore.