M&A

Newmont's Palmer on Newcrest synergies

Newmont chief executive Tom Palmer said the company aims to deliver US$500 million in cost savings and enhancing near-term cash flows by at least $2 billion within 24 months of completing the acquisition of Newcrest Mining.

Newmont boss Tom Palmer

Newmont boss Tom Palmer

Newmont has entered into a binding agreement to acquire Newcrest for US$17.8 billion to become the world's largest gold producer with some 8Mozpa of production. With a combined market capitalisation...

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