Friday , May 7 2021

The merger between Nimont and Goldcorp is a huge gold giant

Zacatecas, Zach. The US company Newmont Mining Corporation and the Canadian company Goldcorp have announced the end of the negotiations to accommodate The world's gold business leader In a merger that gives life to New-Mont-Goldcorp.

The new transatlantic has among its main assets the gold mine open-pñasquito, located in the municipality of Mazapil, Zacatecas, which is about to meet four weeks of blockade by rural communities and leading Goldcorp accusers of violation agreements relating to social work, . Negotiations are suspended between the Emporium and those who have been injured.

By announcing the formalization of the new company through a statement (published in English), Newmont-Goldcorp said that now it can Offer investors the highest annual dividend and the largest reserves and share resources among major gold producers of the world.

Newmont-Goldcorp will continue trading on the New York Stock Exchange (NYSE) with the NEM ticker, and will do so for the first time on the Toronto Stock Exchange (TSX) with the NGT table.

The announcement of the merger, which began negotiations in mid-2018, was published to shareholders and markets on April 18 The successful conclusion of the transaction that incorporates Newmont Mining Corporation Goldcorp to create the world's leading gold business.

Newmont-Goldcorp presents an unparalleled portfolio of properties, prospects and talents. This portfolio includes long-term activity and expansion possibilities and profitable savings in some of the best mining areas in the world..

The statement said that Nymont-Goldcorp should immediately increase the company's net asset value per share by 27% and the combined company's cash flow in 2010 by 34%.

Also, that merger Start providing $ 365 million in expected annual synergies before taxes, supply chain efficiency and full potential improvements representing $ 4.4 billion in net present value, before taxes.

In terms of mining productivity, the International Corporation estimates that its mining enclaves located in different countries of the world produce From 6-7 million ounces of fixed gold production for decades.

The above, he adds, will allow Newmont-Goldcorp "to have the largest reserves and gold resources in the metal sector, even the share (…) being placed in positive jurisdictions and fertile gold districts on four continents.

Newmont-Goldcorp (today) is the world's leading gold company and an important producer of copper, silver, zinc and lead. The company's portfolio of assets, prospects and world-class talent is anchored in favorable mining jurisdictions in North America, South America, Australia and Africa.

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