Discovery to acquire Porcupine Complex from Newmont for $425m.

Discovery, a North American precious metals company, agreed to acquire Porcupine Complex from Newmont, an American gold mining company, for $425m. "The acquisition of the Porcupine Complex is an important step forward as we work to build a highly profitable precious metals producer. Through this acquisition, we are combining growing gold production at Porcupine with tremendous upside, in one of the world’s great gold camps, with our Cordero project, one of the industry’s leading silver development projects based on reserves and expected production," Tony Makuch, Discovery CEO.