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NCM - Newcrest Mining News Story

A$31.84 0.2  0.7%

Last Trade - 7:10am

Sector
Basic Materials
Size
Large Cap
Market Cap £13.03bn
Enterprise Value £14.19bn
Revenue £3.13bn
Position in Universe 19th / 1837

BUZZ-Australia's Antipa Minerals sees best day in 4 years on Newcrest agreements

Fri 28th February, 2020 1:01am
** Shares of Antipa Minerals Ltd  AZY.AX  rise as much as
36.4% to A$0.015, marking their biggest intraday pct gain since
Feb. 8, 2016
    ** Gold-focused explorer enters into A$60 mln ($39.58 mln)
farm-in agreement and associated exploration JV agreement with
Newcrest Operations Ltd, a unit of gold miner Newcrest Mining
 NCM.AX   urn:newsml:reuters.com:*:nFWN2AR1EZ
    ** Says agreements for the southern portion of its
100%-owned ground in the Paterson province of Western Australia,
which will be known as the Wilki project going forward 
    ** Says Newcrest has entered into a subscription agreement
with Antipa and will acquire a 9.9% stake in co through a
placement of new shares at 1.7 cps to raise A$3.9 mln
    ** More than 24.6 mln Antipa shares change hands, compared
with the 30-day avg of about 3.4 mln 
    ** As of last close, stock had fallen more than 8% this year
    
($1 = 1.5161 Australian dollars)

 (Reporting by Aby Jose Koilparambil in Bengaluru)
 ((abyjose.koilparambil@thomsonreuters.com))
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