Australian mining firm Newcrest picks stake in Canada's Lundin Gold for $250m

Australian mining firm Newcrest picks stake in Canada's Lundin Gold for $250m

Photo: Newcrest Mining website

Newcrest Mining Ltd said on Monday it had invested $250 million to buy a 27.1 percent stake in Canadian miner Lundin Gold Inc as the gold major ramps up its exposure to Ecuador to secure growth.

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