The world's largest gold producer Newmont Mining Corp. (NEM) has taken a 6.7% stake in uranium miner Paladin Energy Ltd. (PDN.AU), according to a regulatory statement filed Wednesday.

Newmont and its associates took the stake on April 6, according to a filing from Paladin.

The stake build has been expected for several months after Newmont in February took over Canada's Fronteer Gold Inc. (FRG), which already held the Paladin stake.

Newmont doesn't have significant investments in uranium.

-By David Fickling, Dow Jones Newswires; +61 2 8272 4689; david.fickling@dowjones.com
Fronteer Gold Inc. Common Stock (Canada) (AMEX:FRG)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Fronteer Gold Inc. Common Stock (Canada) Charts.
Fronteer Gold Inc. Common Stock (Canada) (AMEX:FRG)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Fronteer Gold Inc. Common Stock (Canada) Charts.