Newmont to buy Goldcorp for $10 billion to create world's largest gold producer
By GCRU Gold News on Monday, January 14 2019, 12:34 - Permalink
Newmont Mining Corp said on Monday that it would buy smaller rival Goldcorp Inc in a deal valued at $10 billion, creating the world’s biggest gold producer by output.
The deal is the second high-profile merger in the mining industry since Barrick Gold Corp agreed to buy Randgold Resources Ltd in September last year to cut costs.