Newmont Goldcorp announced as world's biggest gold miner
Newmont Goldcorp has announced the successful conclusion of the $10bn transaction combining Newmont and Goldcorp to form the world's leading gold business, Newmont Goldcorp.
Newmont Goldcorp features an unmatched portfolio of assets, prospects and talent. This portfolio includes long-life operations and profitable expansion and exploration options in some of the world's most favourable mining jurisdictions.
Newmont Goldcorp will also offer investors the highest annual dividend and the largest reserves and resources per share among senior gold producers.
Newmont Goldcorp expects to begin delivering a combined $365mn in annual pre-tax synergies, supply chain efficiencies and full potential improvements representing the opportunity to create $4.4bn in Net Present Value.
Delivering the highest dividends among senior gold producers it will offer financial flexibility and an investment grade balance sheet to advance the most promising projects generating a targeted IRR of at least 15%.
Newmont Goldcorp will target six to seven million ounces of steady gold production over the next decade.