RE: Another assault on 5p29 Nov 2024 22:07
Since the Newmont / Newcrest merger / take over, Newmont have been majorly restructuring and monetising projects, just keeping only key ones.
Colombia was always high risk for the big boys to have full commitment and public visibility, specifically with what has happened at Buritica.
They’ve not really gave up the full project, they still have the NSR and cash incentives and Newmont obviously still have the 10-15% in Orosur.
Argentina seems a lot safer for them, Newmont have Cerro Negro down there, Anglo Ashanti are close by.
Newmont vacated Greatland from Ernest Giles I believe, then Newcrest came aboard, started drilling Haveiron and the rest as they say is history.
Agnico arnt really too publicly active themselves in Colombia, they have a stake in Royal Road Minerals and now on with Collective. We could well be next.