Newcrest Is So Cheap Even Gold Bears See Deal Bargain: Real M&A

Even gold bears say Newcrest Mining Ltd. has become a takeover bargain.

Newcrest has lost more than half its market value since mid-April, more than any major precious-metals mining company, as gold heads for its steepest quarterly decline in almost a century, according to data compiled by Bloomberg. Still, with its 40 years of gold reserves exceeding that of any global peer, Australia’s largest producer may be a target for Newmont Mining Corp., said Morningstar Inc.