This article might be of interest, given recent discussions.
http://www.copyright link/business/...r-by-taking-27pc-lundin-stake-20180225-h0wmsh
"Newcrest managing director Sandeep Biswas said earlier this month that Newcrest currently had three "tier one" assets in its portfolio (a reference to the Cadia and Lihir mines plus the Wafi-Golpu development project) but he wanted the company to have five tier one assets by 2020, and Newcrest has vowed recently to pivot toward growth now that its debt is under control.
Read more: http://www.copyright link/business/...pc-lundin-stake-20180225-h0wmsh#ixzz58AYaMQnD
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Newcrest is paying $319m (AUD) for a 27.1% stake in a gold mine expected to produce ~4.4m oz over 13 years. In other words, paying $319m for ~1.2m oz.
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