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Gold miner Discovery Silver said on Monday it would acquire its peer Newmont's stake in Porcupine Operations in Ontario, Canada, for $425 million. Newmont, after buying Australia-based Newcrest ...
The Newmont Corporation bought Canadian mining company, Goldcorp in 2019 for USD $10 billion. In 2023, Newmont acquired Newcrest mining for USD $16.8 billion. Newmont has approximately 31,600 [5] employees and contractors worldwide, and is the only gold company in the S&P 500 stock market index.
The deal will enable Newmont to generate up to $2.9 billion in gross proceeds from non-core divestitures. The world's largest gold miner had set a target of more than $2 billion in such sales ...
In 1990, a merger between BHP Gold and Newmont resulted in the creation of Newcrest, with ownership of the Telfer Mine now lying with Newcrest. [ 11 ] [ 12 ] The Telfer gold mine was expanded in 1991, [ 13 ] and in June 1995, the mine reserves were 118.2 tonnes (3.8 million troy ounces), with resources at 227.1 tonnes (7.3 million troy ounces).
Newmont Corporation (NYSE:NEM) plans to sell its Porcupine operation in Ontario, Canada, to Discovery Silver Corp. (OTC:DSVSF) for up to $425 million. The agreement includes $200 million in cash ...
Newcrest Mining Limited is an Australian-based corporation which engages in the exploration, development, mining and sale of gold and the froth flotation product, gold-copper concentrate. [2] It is Australia's leading gold mining company and its operations have expanded beyond Australia, for example Indonesia , thus becoming a prominent ...
Goldcorp Inc. was a gold production company headquartered in Vancouver, British Columbia, Canada.The company stood among the largest gold producers in the world, employed about 15,800 people worldwide, [4] engaged in gold mining and related activities including exploration, extraction, processing and reclamation.
The transaction, the biggest ever takeover in the gold sector according to Refinitiv, follows Barrick Gold Corp's agreement in September to buy Randgold Resources Ltd in a deal valued at $6.1 billion.