Newmont completes acquisition of Newcrest, solidifies its top gold producer status

- Gold producer Newmont today announced it has completed the acquisition of Newcrest Mining to create the world’s leading gold company with robust copper production.

“This expanded portfolio will include operations with scale, margin, and mine life to generate robust and lasting returns for decades, while supporting best-in-class sustainability performance,” the company said in a statement. President and CEO Tom Palmer commented on the milestone, “Today marks a historic milestone in our company and the industry with the successful completion of this transformational acquisition of Newcrest by Newmont.

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Newmont Prepares to Sell Mines as Newcrest Acquisition ClosesNewmont Corp., the world’s top gold producer, will forge ahead on a plan to find $2 billion in cash including through mine sales and project divestments after closing the largest takeover in the mining industry this year.
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Newmont Prepares to Sell Mines as Newcrest Acquisition ClosesNewmont Corp., the world’s top gold producer, will forge ahead on a plan to find $2 billion in cash including through mine sales and project divestments after closing the largest takeover in the mining industry this year.
Source: BNNBloomberg - 🏆 83. / 50 Read more »