Newcrest boosts stake in AIM-listed miner

Newcrest Mining has invested a further $US40 million ($A52 million) increases its stake in AIM-listed SolGold Plc to 14.54 per cent.

1 min read

Published 19 June 2017 9:28am

Source: AAP

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Gold miner Newcrest has boosted its stake in London AIM-listed SolGold Plc to 14.54 per cent, following a capital raising by the company.

The Australian miner, in October 2016, had acquired a 10 per cent stake in SolGold, which owns an 85 per cent interest Cascabel copper-gold project in Northern Ecuador.

Newcrest on Monday said it had invested a further $US40 million ($A52 million) to increase its stake in the company.

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