Canada-based Fuerte Metals has reached an agreement with Newmont Corporation to acquire the latter’s Coffee Gold Project in Yukon, Canada, for up to $150m (C$206.47m). Under the terms of the deal, Newmont will receive an initial cash payment of $10m, alongside$40m in equity in the form of Fuerte shares, upon closing. Additionally, the US gold miner will receive a 3% net smelter return royalty on the Coffee Gold Project, which Fuerte can repurchase for up to $100m. The transaction has been unanimously a ...