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Newmont takes top gold producer spot with $10 billion Goldcorp buy

Reuters 

By John Benny and Nichola Saminather(Reuters) - Newmont Mining Corp said on Monday it would buy smaller rival Goldcorp Inc for $10 billion, creating the world's biggest gold producer in the face of dwindling easy-to-find reserves of the precious metal.The transaction, the biggest ever takeover in the gold sector according to Refinitiv, follows Barrick Gold Corp's agreement in September to buy Randgold Resources Ltd in a deal valued at $6.1 billion."Combining forces will give us the sector's best project pipeline and exploration portfolio," Newmont Chief Executive Gary Goldberg said on a ...

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First Published: Mon, January 14 2019. 23:16 IST
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