Goldstrike Resources Ltd. March 3 reported that Newmont Mining Corp. has agreed to invest as much as C$53 million to earn up to a 75 percent stake in Goldstrike's Plateau gold property in the Yukon.

The agreement includes a C$6 million private placement financing under which Newmont will purchase 12.71 million Goldstrike shares at C47.4 cents each.

As a result, Newmont will have the right to...