Deals
Newmont to Buy Goldcorp in $10 Billion Deal, Creating World’s Largest Gold Miner
- Combination cements a return of M&A to the bullion industry
- Goldcorp shares jumped 12 percent in early trading in Toronto
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Newmont Mining Corp. will buy rival Goldcorp Inc. in a deal valued at $10 billion, creating the world’s largest gold miner and cementing a return of M&A to the industry.
The biggest deal in the gold mining industry’s history comes just three months after Barrick Gold Corp.’s move to buy Randgold Resources Ltd. in a $5.4 billion transaction, which instantly spurred speculation that rivals would have to respond.