Grafton Resources has entered an exclusive option agreement to acquire 100% of the Poseidon and Jabali gold exploration projects in Chile from Newmont. The Poseidon project, adjacent to Grafton's Alicahue project, shows promising gold-silver-copper mineralization, while Jabali offers high-sulfidation gold potential with ready infrastructure for drilling. The deal involves staged payments totaling $630,000 in cash and $1.9 million in shares over three years, with additional royalties and milestone payments. Grafton plans systematic exploration to advance both projects quickly, aiming to unlock significant mineral resources.
Newmont Corporation (NEM), the seller in this deal, trades at USD 122.00 on Pluang as of Sep 24, 2026 18:12 WIB. The stock has seen a 1.25% decline in the past day. Despite this, Pluang investors show strong interest with 87% of order activity on the buy side.
The Basic Materials sector has shown strong performance in 2026, driven by top holdings like Newmont, Freeport-McMoran, and Linde. However, momentum may slow in the fourth quarter due to macroeconomic headwinds and sector concentration risks. While m...
Newmont's stock has surged over 30% since July, driven by strong first-half 2026 financial results despite recent declines in gold prices. The company's improved adjusted net income margin supports an upgraded financial outlook and suggests significa...
