Newmont (NYSE, ASX: NEM) put a price of up to (C$6. 4 billion) $4. 8 billion on taking its Red Chris copper-gold mine underground in British Columbia, with commercial production targeted for 2033. The project, about 1,030 km northwest of Vancouver, would produce an annual average of 275,000–325,000 oz. gold and 65,000–85,000 tonnes copper from 2035 through 2040, the company said Thursday in its quarterly results . Newmont owns 70% of Red Chris and operates it alongside Imperial Metals (TSX: III), which holds the balance.
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