#redchris

Newcrest Mining has big plans for Red Chris

Imperial Metals (III.TO) has been able to avoid financial hardship by selling a 70% stake in the Red Chris copper-gold mine in British Columbia to Newcrest Mining (ASX:NCM)a major gold and copper producer with its main operations in Australia. From Imperial’s side, this transaction was absolutely necessary to secure and protect its future as the US$807M will help the company to erase its net…