Newmont backs junior Headwater on 3rd Nevada project
Newmont (NEM) agreed to earn control of Headwater Gold’s Jupiter gold project in Nevada by funding exploration and completing a prefeasibility study. Newmont plans $30 million over three quarters for the 28 sq km project in Nye County, with Headwater managing work. Newmont can earn 51% by spending $10 million in four years, up to 65% with $20 million more.

