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Newmont combines with Goldcorp in gold mega-deal

NEWMONT Mining has followed Barrick Gold's lead and will take over a fellow major player in the precious metals space, with an all-share takeover of Goldcorp.

Kristie Batten, Alex Hamer
A gold pour at Newmont's Nevada operations

A gold pour at Newmont's Nevada operations

Under the deal announced late yesterday, Newmont will issue 0.328 of a share and US2c for every Goldcorp share held. The transaction values Goldcorp at $10 billion, or around $11 per share, a 17% premium...

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