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Newmont Mining Corp., the third-largest gold producer, boosted its stake in mining firm Gabriel Resources Ltd. to 19.9 percent, just below the threshold that triggers a mandatory offer for the company under Canadian law, regulatory filings show.
Newmont, based in Denver, bought 3.88 million new shares in Toronto-based Gabriel last month, or a 1.6 percent stake, according to filings on the System for Electronic Disclosure by Insiders, or Sedi, a website overseen by the Canadian Securities Administrators Inc.
