NEWMONT Corp /DE/

Newmont and Barrick restructured their Nevada Gold Mines joint venture: Barrick's Fourmile project and Newmont's Fiberline and Mike projects will be contributed to the JV, with Newmont paying Barrick $1.95 billion cash and matching it with a $1.95 billion capital contribution against Barrick's roughly $3.11 billion - deepening the seven-year-old JV with a promising new deposit.

material agreement

Newmont completed its acquisition of Newcrest Mining on November 6, 2023, issuing 0.400 Newmont shares (or equivalent depositary interests) per Newcrest share - Newcrest is now a wholly-owned subsidiary, making Newmont the world's largest gold miner.

asset acquisition disposition

Newmont agreed to acquire Australia's Newcrest Mining in an all-stock deal (0.400 Newmont shares per Newcrest share, via an Australian court-approved scheme of arrangement), expected to close in Q4 2023 - a major combination of two of the world's largest gold producers.

business combination

Newmont agreed to sell its 50% stake in Australia's Kalgoorlie Consolidated Gold Mines joint venture (the Super Pit) to Northern Star Resources for US$800 million cash, plus a $25 million option fee tied to Newmont's related power business - exiting a legacy, non-core Western Australian asset.

material agreement

The Newmont-Barrick Nevada joint venture became effective July 1, 2019 as Nevada Gold Mines LLC, formalized in an amended implementation agreement and a new LLC operating agreement - the tie-up announced in March is now up and running.

asset acquisition disposition

Newmont completed its acquisition of Goldcorp on April 18, 2019, paying 0.3280 Newmont shares plus $0.02 cash per Goldcorp share (about 285 million new Newmont shares issued) - Goldcorp is now a wholly-owned subsidiary.

asset acquisition disposition

Canada cleared the Newmont-Goldcorp merger and Newmont confirmed it would seat five former Goldcorp directors on the combined board, clearing the last major hurdles; the companies expected to close around April 18, 2019.

business combination

Newmont agreed to combine its Nevada mining operations with rival Barrick's in a new joint venture (61.5% Barrick / 38.5% Newmont, with Barrick as operator), and Barrick withdrew its earlier hostile all-stock takeover bid for Newmont as part of the same deal.

material agreement