Newcrest Mining Ltd., an Australian gold mining company, has agreed to purchase a copper and gold mine in British Columbia, Canada.
Newcrest will buy the gold mine from Canadian metals and mining company Imperial Metals Corp. for $806.5 million.
Newcrest Mining said that it will buy a 70 percent joint-venture interest in, and operatorship of, the Red Chris mine and surrounding tenements.
The property consists of 23,142 hectares of land with 77 mineral tenures.