Yes, that's what the speculation has been. Because Newmont really only go for tier-1 longlife deposits/mines, and Havieron isn't 100% owned and is at least 10 years away if it were to produce at the level Newmont would be satisfied with. And also, Telfer has a mine life only until 2024.
I think the real left field play would be if Northern Star entered into the picture, to fill in Newcrest's boots as Australia's number 1 gold producer.
Say for example, if NST get Telfer plant and infrastructure, and also get Havieron 100%, and AZY...they could be producing at tier-1 levels as big as their "Super Pit" mine, if they combined Minyari Dome and Havieron ore at Telfer plant. And the copper and cobalt credits in the ore would make it attractive because of the reduction in operating costs.
Newmont Becoming AZY'S Largest Shareholder, page-4
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Last
1.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $61.99M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.4¢ | 1.3¢ | $86.86K | 6.681M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 5822669 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 7003868 | 16 |
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| Last trade - 16.10pm 10/09/2024 (20 minute delay) ? |
| AZY (ASX) Chart |