Newmont Goldcorp is looking at selling off its gold mine operation in Red Lake.
A company official tells Acadia News they’ve started a process for the potential sale, as well as divesting its interest in an iron ore project in Guineau.
Earlier this week incoming President and Chief Executive Officer Tom Palmer told delegates at the Denver Gold Forum the process is still preliminary and no sales terms have been agreed to at this point in time.
The mine in Red Lake has been operational since 1949.
