Rob Sabo

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September 23, 2013
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Waterton Global increases Nevada mining presence

Waterton Global Resource Management, a private equity firm based in Toronto that’s focused on the mining industry, continues its push to acquire mining assets in Nevada by purchasing the Midas mine in Elko County from Newmont Mining Corp. Newmont and Waterton last week said they struck a preliminary deal for sale of the Midas mine. The underground operation produced 61,000 ounces of gold in the three months ended June 30, compared to 87,000 ounces in the same quarter in 2012. For the first six months of the year, Newmont mined 131,000 ounces of gold at Midas, a 30-percent decrease from …

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Northern Nevada Business Weekly Updated Sep 23, 2013 12:00AM Published Sep 23, 2013 12:09PM Copyright 2013 Northern Nevada Business Weekly. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.