Gold Miner Newmont Makes $17 Billion Bid for Newcrest Mining

February 9, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Potential mining mergers are back in the news in a big way. Earlier this week, U.S.-based gold miner Newmont Corporation (NYSE:NEM) (Denver, Colorado) made an all-stock offer of US$17 billion for Australia's Newcrest Mining Limited (Melbourne). If the deal goes through, it would easily cement Newmont's position as the world's largest gold miner, eclipsing closest rival Barrick Gold Corporation (NYSE:GOLD) (Toronto, Ontario) by nearly twice the output. Industrial Info is tracking more than US$15.7 billion in active projects for Newmont and Newcrest.