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Newmont Mining to buy Colorado gold mine from South African company

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Newmont Mining Corp. has agreed to buy Colorado’s storied Cripple Creek & Victor gold mine from AngloGold Ashanti Ltd. for $820 million in cash. The mine is the source of the 72 ounces of gold used to re-gild the dome of Colorado's capitol following several years of renovations. The new dome was unveiled earlier this year. Newmont (NYSE: NEM), based in Greenwood Village, said the deal for the mine — expected to close in the third quarter — also includes a 2.5 percent royalty on any gold produced…

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