Imperial Metals selling 70 per cent stake in Red Chris mine to Newcrest

Imperial Metals selling 70 per cent stake in Red Chris mine to Newcrest
VANCOUVER — Shares in Imperial Metals Corp. soared in early trading after the company announced a deal to sell a 70 per cent interest in its Red Chris copper and gold mine in B.C. to Australia’s Newcrest Mining Ltd. for US$806.5 million in cash. Imperial shares were up $1.37 or about 69 per cent at $3.35 in early trading on the Toronto... Read More