also prioritize project development by returns and risk, while targeting On January 14, 2019, Newmont successfully arranged a merger acquisition of Goldcorp, the world’s fourth-largest producer of gold, with the merged “Newmont Goldcorp” to be the world’s largest producer once the transaction is complete.

pipeline. The combination is expected to be A new business merger involving a Vancouver-based mining firm will “create the world’s leading gold business with the best assets, people, prospects and value-creation opportunities,” according to those behind the deal.. On Monday, Newmont Mining Corporation and Goldcorp Inc. announced they have entered into a definitive agreement in which Newmont will acquire all of the … In October of

and communities.” percent, 15 percent and 10 percent, respectively. We constantly review opportunities to raise our performance, and
strategy and disciplined implementation plan to realize the full value

President and Chief Executive Officer Mark Bristow +1 647 205 7694 +44 788 071 1386.

“This combination will create the world’s leading gold business with the projects, exploration properties and Reserves, the combined company’s We expect to generate up to $100 “We have a proven strategy and disciplined implementation plan to realize the full value of the combination.”Goldberg said this plan includes “an exceptional pool of talented mining professionals, stable and profitable gold production of six to seven million ounces over a decades-long time horizon, the sector’s largest gold Reserve and Resource base, and a leading project and exploration pipeline.”He added that the cultures of the two companies are “well aligned, with strong commitments to zero harm, inclusion and diversity, and industry-leading environmental, social and governance performance.”Goldberg said he expects the company to generate up to $100 million in annual pre-tax synergies, with additional cost and efficiency opportunities.”The combination is expected to be immediately accretive to Newmont’s net asset value and cash flow per share.“We constantly review opportunities to raise our performance, and this combination represents the most promising path to deliver superior and sustainable value for our shareholders, employees, host countries and communities,” he added.Newmont Goldcorp’s Reserves and Resources will represent the largest in the gold sector and will be located in mining jurisdictions in the Americas (75%), Australia (15%), and Ghana (10%).The company said it will also “prioritize project development by returns and risk,” while “targeting $1 billion to 1.5 billion in divestitures over the next two years to optimize gold production at a sustainable, steady-state level of six to seven million ounces annually.”Newmont Goldcorp’s management team will be appointed on a “best talent” basis, with Gary Goldberg as Chief Executive Officer and Tom Palmer as President and CEO.The transaction is expected to close in the second quarter of 2019.Sign up for our newsletter to get exclusive content, contests, and perks direct to youDaily Hive is a Canadian-born online news source, established in 2008, that creates compelling, hyperlocal content. Gary Goldberg, Newmont’s Chief Executive Officer. robust and thoughtful succession planning, and seamless leadership

“In

of the combination, including an exceptional pool of talented mining As a result of this agreement, Barrick has withdrawn its Newmont acquisition proposal announced on February 25, and its proposals for the Newmont annual general meeting submitted on February 22.


The strategic rationale for

million in annual pre-tax synergies, with additional cost and efficiency and both teams are fully committed to delivering on the transaction’s

Supported by stable, profitable long-term share. TD Securities and BofA Merrill Lynch have each provided an opinion to