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Newmont Mining to buy Goldcorp to create one of world’s biggest gold producers

January 14, 2019 11:39 AM
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VANCOUVER - Denver-based Newmont Mining Corp. and Goldcorp Inc. of Vancouver have agreed to combine their gold companies in a deal worth about US$10 billion.

The companies announced today that Newmont will exchange 0.328 of a share and two cents for each of Goldcorp’s outstanding common shares.

The deal has the unanimous support of the directors of both companies but requires regulatory approvals in several countries.

Newmont CEO Gary Goldberg says the company expects to generate up to US$100 million in annualized “synergies” before tax and operate in the Americas, Australia and Ghana.

Source: thestar.com

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