Leading U. S. Gold Producer to Buy State’s Leading Gold Mine

The Colorado Mining Association issued the following statement congratulating Newmont Mining Corporation and AngloGold Ashanti Ltd. on the agreement for Newmont to purchase the Cripple Creek & Victor Gold Mining Company, which operates the award winning Cresson gold mine in Teller County.   “The agreement by the top U. S.  gold producer to purchase the state’s most productive gold mine is a win win situation for Colorado,” said Stuart Sanderson, CMA President.   “And we are pleased that Newmont Mining Corporation, which is headquartered here in Greenwood Village, will once again conduct mining operations in the state,” he added.  “That is a great vote of confidence  in  Colorado’s ability to attract mineral investment, as Newmont is also the world’s second leading gold producer”  he said.