01:35:24 EDT Sun 19 May 2024
Enter Symbol
or Name
USA
CA



Newmont Corp
Symbol NGT
Shares Issued 795,926,040
Close 2023-07-17 C$ 58.85
Market Cap C$ 46,840,247,454
Recent Sedar Documents

Newmont receives Comp Bureau nod to acquire Newcrest

2023-07-18 09:18 ET - News Release

Also News Release (C-NCM) Newcrest Mining Ltd

An anonymous director reports

NEWMONT ANNOUNCES CANADIAN COMPETITION BUREAU CLEARANCE FOR ACQUISITION OF NEWCREST

The Canadian Competition Bureau issued a no-action letter clearing Newmont Corp.'s previously announced transaction with Newcrest Mining Ltd. under Canadian competition law. Newmont is progressing toward receiving regulatory approvals in other jurisdictions for a transaction close expected in the fourth quarter.

On May 14, Newmont signed a definitive agreement to acquire Newcrest. The combination would create a world-class portfolio of assets with the highest concentration of Tier 1 operations, primarily in favourable, low-risk mining jurisdictions. Upon closing of the transaction, the combined company would deliver a multidecade production profile from 10 large, long-life, low-cost, Tier 1 operations, and increased annual copper production primarily from Australia and Canada. The combined business is anticipated to generate annual pretax synergies of $500-million, expected to be achieved within the first 24 months, while also targeting at least $2-billion in the first two years after closing through portfolio optimization.

About Newmont Corp.

Newmont is the world's leading gold company and a producer of copper, silver, zinc and lead. The company's world-class portfolio of assets, prospects and talent is anchored in favourable mining jurisdictions in North America, South America, Australia and Africa. Newmont is the only gold producer listed in the S&P 500 Index and is widely recognized for its principled environmental, social and governance practices. The company is an industry leader in value creation, supported by robust safety standards, superior execution and technical expertise. Newmont was founded in 1921 and has been publicly traded since 1925.

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