US mining company Newmont to buy Canadian Goldcorp


The $10 billion deal to buy the Canadian Goldcorp will culminate in the creation of the Newmont Goldcorp corporation. The completion of the deal is scheduled for Q2 2019. The listing of the combined company will be held in Toronto. Shareholders of Newmont and Goldcorp will receive 65% and 35% stakes of the new company. The deal was approved by the boards of directors, it remains to receive the green light from shareholders and foreign regulators. Goldcorp CEO, Gary Goldberg, believes that the merger of companies will create a new leader in the gold mining business. Both companies have long been known in the market and were considered the largest. Newmont mines in the US, Australia, Peru and Ghana, Goldcorp - in five countries.

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