Newmont shareholders OK US$10 billion Goldcorp takeover, creating biggest gold producer

TORONTO: Newmont Mining shareholders on Thursday approved the company's US$10 billion takeover of Goldcorp Inc which is set to create the world's biggest gold producer with assets across the Americas, Africa and Australia.

The 88-cent-per-share special dividend will be paid on May 1 to those who hold Newmont shares as of April 17, according to the statement. "We thank Newmont’s shareholders for their overwhelming support for this compelling value creation opportunity as we build the world’s leading gold company," Newmont Chief Executive Gary Goldberg said in the statement.The new company, to be called Newmont Goldcorp, will overtake current market leader Barrick Gold Corp in annual production, churning out 6 million to 7 million ounces of gold annually over the next 10 years, compared with Barrick's forecast of 5.1 million to 5.

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