Waterton to buy Nevada Midas operation from Newmont Mining

Denver, Colorado-based gold producer Newmont Mining Corp. (NYSE:NEM), has agreed to sell the company's Midas underground mine operation in Nevada to Canadian private equity firm Waterton Global Resource Management. The financial terms of the transaction were not published. The Toronto-based Waterton, which was recently reported by peHUB as having already raised US$300 million for its second US$750 million mining and metals fund, bought Nevada's Hollister gold mine and the Esmeralda Mill from Great Basin Gold Ltd. in June.

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