Page 4 - Peter Tomsett News Today

SYDNEY (AFP) – Australian mining company Newcrest said yesterday it had agreed to a takeover by United States (US) rival Newmont, creating a world-leading gold producer in a deal worth AUD28.8 billion (USD19 billion). By swallowing up Newcrest, the US mining giant will cement its position as the world’s biggest gold producer, with operations extending […]

In a deal that would be the largest in gold mining history, Newcrest has agreed to back a takeover offer that values the company at nearly $29 billion.

15.05.2023 - Newmont Corporation (NYSE: NEM, TSX: NGT) today announced that following completion of due diligence it has entered into a binding Scheme Implementation Deed (“SID”) under which Newmont will acquire 100 percent of the issued share capital in ...

Australian shares are 0.2pc lower; NAB sees chance of two more rate rises; AVZ faces $US1.4b in damages claims; Aristocrat to acquire NeoGames; Newcrest accepts Newmont takeover offer; Elders cuts dividend. Follow updates here.

(figures are in US$ except where stated) Solid H1 performance and increased shareholder returns1,2,3,4,5,6Safety and sustainabilityExtensive safety review completed at Brucejack following the tragic fatality

Don’t be surprised if Newmont’s move on Newcrest spawns a purple patch of mergers and acquisitions in Australia’s gold sector.

The world’s largest gold miner has lobbed a blockbuster $24.4 billion bid for ASX-listed Newcrest Mining, but faces pushback from investors.

While Newmont gave birth to Newcrest 57 years ago, the ASX miner’s more recent management issues have played into the US gold mining giant’s hands.

For the three months ended 31 December 2022(figures are unaudited and in US$ except where stated)On track to deliver FY23 guidance as key growth projects advance to execution Solid second quarter with

Current and former Newcrest staff gave an external consultant lukewarm reviews of the miner’s workplace culture reset prior to the CEO’s exit in December.