Ramelius strikes deal with Newmont in Nevada

Australian gold miner Ramelius Resources has struck a deal with US gold major Newmont Mining over its South Monitor land package, in Nevada. Under the terms of a farm-in and joint venture (JV) agreement signed this week, Ramelius could earn an 80% interest in the South Monitor gold project by spending $8-million over an eight-year period, through a staged earn-in.