Newmont Mining to Acquire Colorado Gold Mine
SUGAR LAND--June 10, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--Newmont Mining Corporation's (NYSE:NEM) (Denver, Colorado) purchase of the Cripple Creek & Victor (CC&V) surface gold mine in Colorado falls in line with the company's strategy of replacing its higher-cost, shorter-life assets with less expensive, more enduring ones, according to Newmont executives. The company recently purchased the mine from AngloGold Ashanti Limited (NYSE:AU) (Johannesburg, South Africa) for $820 million.
Within this article: Details on the Cripple Creek & Victor gold mine and its purchase by Newmont Mining Corporation.
