Newcrest lifts stake

GOLD miner Newcrest has boosted its stake in UK-listed SolGold to 14.54 per cent, following a capital raising by the company.

The Australian miner in October 2016 had acquired a 10 per cent stake in SolGold, which owns an 85 per cent interest Cascabel copper-gold project in Northern Ecuador.

Newcrest yesterday said it had invested a further $US40 million ($52 million) to increase its stake in the company.