Gold miner Newcrest has struck a $806.5-million joint venture agreement with TSX-listed Imperial Metals Corporation over the Red Chris gold/copper mine, and its surrounding tenements, in British Columbia.
Newcrest will acquire a 70% interest in the Red Chris assets, which produced around 44.8-million pounds of copper and 29 569 oz of gold, at a cash cost of $2.41/lb of copper, in the first nine months of the 2018 calendar year.