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Newmont gets piece of El Toqui

US gold major Newmont Mining has taken a stake in privately-owned Australian company Laguna Gold, which owns the El Toqui zinc-gold mine in Chile.

Newmont gets piece of El Toqui Newmont gets piece of El Toqui Newmont gets piece of El Toqui Newmont gets piece of El Toqui Newmont gets piece of El Toqui

Laguna Gold chairman and CEO Kevin Robinson speaking at the Noosa Mining and Exploration Conference

Laguna was formed in 2013 and in 2016, it agreed to acquire Nyrstar's El Toqui mine for US$25 million, comprising $12 million cash and $13 million in milestone payments over four years.