Newmont Mining Corp. and Goldcorp Corp. and Goldcorp Inc. have successfully combined to create one of the largest gold mining companies in the world. The merged company’s portfolio includes long-life operations and profitable expansion and exploration options in some of the world’s most favorable mining jurisdictions, including North America, South America, Australia and Africa, Newmont said. Newmont Goldcorp will also offer investors the highest annual dividend and the largest reserves and resources per share among senior gold producers, the company added.
“We’ve met our goal to become the world’s leading gold business, and we’ll maintain that position by executing our winning strategy,” CEO Gary J. Goldberg said. “That strategy focuses on constantly improving safety and efficiency at our current operations while we continue to invest in expansions and exploration to fuel next generation production.”
President and COO Tom Palmer added, “Our proven operating model and shared values set the stage for a successful integration process. Getting this process right is fundamental to realizing the full potential of the Newmont Goldcorp combination. Ultimately, our goal is to leverage a more prolific portfolio and an even richer talent pool to generate superior value over the course of decades.”