July 27, 2018 Galore Creek Project Update
Teck Resources Limited (Teck) and Newmont Mining Corporation (Newmont) announced agreement in July 2018 for Newmont to acquire a 50 percent interest in the Galore Creek Mining Company (GCMC) from NovaGold Resources Inc. (NovaGold). The agreement includes a commitment to complete a prefeasibility study over the next three to four years. Planning for this work is in progress.
See Teck’s Press Release.