Kirkland Lake slashes stake in Novo Resources
The transaction could leave Kirkland with only a 0.05% ownership of Novo's shares.
The transaction could leave Kirkland with only a 0.05% ownership of Novo's shares.
Authorities will extend a security review into the company's bid to acquire the Arctic gold mine by at least 45 days.
While Q4 production and sales volumes will be impacted, the miner still expects the Manitoba business unit to achieve its 2020 targets.
The Detour East property is about 11 km east of the Detour Lake gold mine.
Barrick has entered two joint venture deals near the Hemlo mine.
The all-share deal, worth $1.86 billion, would create a new gold major aiming to list in London.
The announcement was part of Eldorado exploration results, which extend known mineralization near current or planned development.
Shares of SSR Mining surged 10.1% following its Q3 2020 results.
The miner is considering an all-stock purchase and may offer a low premium for the Toronto-listed company.
The silver mine will return to full production this quarter after a 33-month labour action.