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MB5X Grinding Mill

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Newmont sells NZ gold mine for $106 million

Newmont Mining (NYSE:NEM) has sold its only mine in New Zealand, the Waihi gold mine, to OceanaGold (TSX, ASX:OGC), the companies announced last Thursday.

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Newmont sells NZ gold mine for $106 million

Newmont Mining (NYSE:NEM) has sold its only mine in New Zealand, the Waihi gold mine, to OceanaGold (TSX, ASX:OGC), the companies announced last Thursday.

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The Department of Conservation has seized equipment found at two illegal gold sluicing sites in the Glenhope Scenic Reserve in recent weeks, and is reminding the public only approved gold prospecting is allowed in conservation areas.

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