DENVER | Newmont’s $10B offer would create world’s biggest gold miner

14Jan - by Editor - 0 - In STL.News

DENVER — Jan 14, 2019—Newmont Mining will buy Canada’s Goldcorp for $10 billion, creating the world’s biggest gold miner.
The combined company could log gold production of 6 million to 7 million ounces over a decade and recognize $100 million in annual pre-tax savings.

Miners are consolidating as gold becomes more expensive to procure. Barrick Gold said it would by Randgold for more than $6 billion just four months ago.

Continue reading DENVER | Newmont’s $10B offer would create world’s biggest gold miner at STL.News.

Source link