NYSE:NEMMetals and Mining
Summit Royalty Deal Puts New Focus On Newmont’s Saddle North Asset
Summit Royalties has agreed to acquire a 1.0% net smelter return royalty on Newmont’s Saddle North gold copper deposit.
The royalty ties Summit’s future revenue to production from a Newmont operated asset.
The transaction highlights external interest in Saddle North as a large gold copper project under Newmont’s control.
For investors watching Newmont (NYSE:NEM), this royalty deal highlights an asset that has not been front and center in recent coverage. Newmont’s shares last closed at...