{"id":878693,"date":"2018-07-26T15:35:19","date_gmt":"2018-07-26T15:35:19","guid":{"rendered":"https:\/\/juniorminingnews.com\/?p=878693"},"modified":"2018-07-26T15:35:19","modified_gmt":"2018-07-26T15:35:19","slug":"teck-provides-update-on-galore-creek-project-2","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=878693","title":{"rendered":"Teck Provides Update on Galore Creek Project"},"content":{"rendered":"

By Scott Tibballs<\/a><\/span> <\/p>\n

\"gold<\/a><\/div>\n

Teck Resources (TSX:TECK.A,TSX:TECK.B,NYSE:TECK) announced today (July 26) that its partner in the Galore Creek joint venture project, NOVAGOLD Resources (TSX:NG) has entered into an agreement to sell its 50 percent project interest to Newmont Mining Corporation (NYSE:NEM) for US$275 million in staged and contingent payments.<\/p>\n

As quoted in the press release:<\/p>\n

\n

Teck and Newmont have agreed to a work plan at Galore Creek with the objective of completing an updated pre-feasibility study over the next three-to-four years to improve overall project understanding and economics. Teck will invest approximately C$12-20 million (US$10-15 million) annually to complete this work.<\/p>\n

Teck and Newmont have also agreed to certain modifications to the existing shareholders agreement. Teck has held a 50 percent interest in the Galore Creek project since May 2007.<\/p>\n<\/blockquote>\n

As described by Teck., Galore Creek is a large tonnage, copper-gold-silver resource located in northwestern British Columbia, approximately 160 kilometres northwest of Stewart. It is managed by the Galore Creek Mining Corporation (GCMC), a joint venture between Teck and Newmont.<\/p>\n

Click here to read the full Teck Resources (TSX:TECK.A,TSX:TECK.B,NYSE:TECK) press release.<\/a><\/p>\n

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The post Teck Provides Update on Galore Creek Project<\/a> appeared first on Investing News Network<\/a>.<\/p>\n

…read more<\/a> <\/p>\n

From:: Investing News Network<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By Scott Tibballs Teck Resources (TSX:TECK.A,TSX:TECK.B,NYSE:TECK) announced today (July 26) that its partner in the Galore Creek joint venture project, NOVAGOLD Resources (TSX:NG) has entered into an agreement to sell its 50 percent project interest to Newmont Mining Corporation (NYSE:NEM) for US$275 million in staged and contingent payments. As quoted in the press release: Teck […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[359],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/878693"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=878693"}],"version-history":[{"count":0,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/878693\/revisions"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=878693"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=878693"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=878693"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}