Newcrest spends C$79m on greater stake in Lundin

Australian gold miner Newcrest Mining has invested a further C$79.6-million into TSX-listed Lundin Gold Inc, increasing its stake from 27% to 32%. Newcrest on Friday reported that it had acquired more than 10.97-million shares in Lundin from Kinross Gold Corporation, at a price of C$7.25 a share, representing a 4.2% discount to Lundin’s last trading price.