Acquisition Makes Big Gold Mining Company Even Bigger
May 18, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Already touted as the world's largest gold mining firm, Newmont Corporation (NYSE:NEM) (Greenwood Village, Colorado) is set to become even larger with its planned acquisition of Newcrest Mining Limited (Melbourne, Australia).
In a deal valued at more than $19 billion, the companies announced on Sunday a definitive agreement for Newmont to acquire Newcrest. The acquisition includes Newcrest's operations in Australia, Papua New Guinea (PNG) and Canada. Newmont already has operations in North and South America, Australia and Africa. The combined companies would include 10 Tier 1 gold mining assets, according to Newmont.
