“Newmont is excited to have the Tatogga project in the highly-sought after Golden Triangle district of British Columbia become part of our world-class portfolio and part of our future,” said president and CEO Tom Palmer in a statement.

GT Gold has made two significant discoveries on the Tatogga property, Saddle South, a precious metal rich vein system and Saddle North, a gold-rich copper porphyry system.

Shareholders approved the arrangement at a special meeting on May 6, and four days later, the Supreme Court of British Columbia gave its nod.

Under the terms of the transaction, GT Gold shareholders would receive C$3.25 a common share in cash.