Fury Gold Mines buys Newmont's stakes in Éléonore South
Fury will own 100% of the exploration-stage project
Fury Gold Mines announced it is buying Newmont's 49.978% interest in the Éléonore South project in Quebec, Canada, for C$3 million.
With the deal, Fury will own 100% of the exploration-stage project.
"Our team has historically ranked the ESJV as one of our more prolific targets for discovery," Fury's chief executive Tim Clark said.
"As such, we are excited to now have 100% ownership as we expect this to provide a clearer pathway for more exploration and potential upside in returns for our investors from this project consolidation and investment in Sirios."
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Fury is also purchasing Newmont's shares of Sirios Resources, which owns the Cheechoo deposit neighbouring Éléonore South, for C$1.3 million for investment purposes. Newmont's Éléonore mine neighbours the project to the north.
Last week, Newmont announced its including Éléonore, Musselwhite, and Porcupine in Canada, as well as the Coffee and Havieron
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