Evolution Mining completed the acquisition of Red Lake from Newmont for $475m.

Evolution Mining, a gold exploration company, completed the acquisition of Red Lake complex in Ontario from Newmont, a gold mining company, for $475m. “We are pleased to complete the sale of Red Lake to a highly respected and responsible operator in Evolution. The transaction provides us ongoing exposure to future exploration upside, whilst we remain focused on our diverse global portfolio of 12 managed operations and two joint ventures, which includes eight world-class assets,” Tom Palmer, Newmont President and Chief Executive Officer.