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The Porcupine mine is one of the largest gold mines in Canada and in the world. [1] The mine is located in Timmins, Ontario. [1] The mine has estimated reserves of 4.35 million oz (123.32 tonnes) of gold. [1] In January 2025, Newmont, the current owners of the mine, announced a deal to sell the mine to Discovery Silver for US$425 million. [2]
Gold miner Discovery Silver said on Monday it would acquire its peer Newmont's stake in Porcupine Operations in Ontario, Canada, for $425 million. Newmont, after buying Australia-based Newcrest ...
Newmont Corporation (NYSE:NEM) plans to sell its Porcupine operation in Ontario, Canada, to Discovery Silver Corp. (OTC:DSVSF) for up to $425 million. The agreement includes $200 million in cash ...
Dome Mine is situated in the City of Timmins, Ontario, Canada; and was developed during the Porcupine Gold Rush. [1] Last operated by Canadian company Goldcorp, before it became a subsidiary of American company Newmont, it is one of three mines (along with Hoyle Pond underground and Hollinger Open Pit, both still active) owned by Newmont in the Porcupine district in and around Timmins.
Secondary products included cobalt, copper, zinc, gold and nickel. Red Lake Mine: Red Lake: Evolution Mining: 1949 - Present Richardson Mine: Eldorado: Kim Woodside 1867-1869 Ontario's first gold mine Temagami-Lorrain Mine
The deal will enable Newmont to generate up to $2.9 billion in gross proceeds from non-core divestitures. The world's largest gold miner had set a target of more than $2 billion in such sales ...
The first discovery of gold was made by William Rowe on what became known (optimistically) as Gold Hill near the Tonto Hills northeast of Cave Creek. The area around Black Mountain was referred to as the Cave Creek Mining District, but the district was never formally established. [4]
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