Newmont Will Buy Remaining Interest in GT Gold Gold
Palmer said the company is committed to continuing to build the relationship with the Tahltan Nation, including with the community of Iskut, which is near the project. “We understand and acknowledge that Tahltan consent is necessary for advancing the Tatogga project and we will partner with the Tahltan nation at all levels, and with the government of British Columbia to ensure a shared path forward,” he added. Tahltan Central Government (TCG) President Chad Norman Day said TCG understands the sensitivities of all mining projects and has communicated with Newmont that Tahltan consent is a requirement for the advancement of any project in Tahltan Territory.
The Tatogga project, including the primary Saddle North deposit, has the potential to contribute significant gold and copper annual production at attractive all-in sustaining costs over a long mine life. In addition to the known deposits at Saddle North, there are further exploration opportunities throughout the land package. The acquisition of the Tatogga project adds to Newmont’s existing interest in the prospective Golden Triangle through the company’s 50% ownership in the Galore Creek project. The transaction is expected to close in the second quarter of 2021, subject to meeting normal closing conditions.