Welcome To the Copper Fox Metals Inc. HUB On AGORACOM

CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)

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Message: Newmont divesting non-core assets
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".....The transaction still requires regulatory approvals, and is expected to close in the fourth quarter, Newmont said in its own statement. The sale is part of the Denver-based company’s effort to raise $2 billion in the wake of its acquisition of Newcrest Mining Ltd. last year."

https://ca.finance.yahoo.com/news/china-zijin-buys-ghana-gold-030220864.html

So, why does Newmont need to raise $2B?

K

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