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World's largest gold miner Newmont to buy Newcrest in $19-bn deal
short by Nidhi Sinha / on Monday, 15 May, 2023
World's largest gold mining company Newmont secured a $19.2-billion deal to buy Australian rival Newcrest Mining. Newcrest shareholders would receive 0.400 Newmont shares for each Newcrest share they currently hold. Denver-based Newmont aims to generate $2 billion in cash flow as a result of the takeover. Newcrest's shares rose 1.9% in Sydney after the producer announced details of the deal.
read more at News 18