A combination of Newmont and Newcrest would send ripples throughout the mining industry, including in Canada. Read more
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“Given the challenges the mining industry is currently facing from a volatile macroeconomic environment there has never been a better time for Newmont and Newcrest to come together,” Palmer said on a conference call with analysts on Feb. 23. “We are currently engaging with the Newcrest team in relation to their offer to provide us access to more information.”Article content
Palmer said on the call that his takeover of Newcrest would create “significant value” through an “ideal mix” of gold and copper projects and would further strengthen its overall position as the world’s leading gold company. to get big for “big’s sake,” as the company would simply be bulking up, rather than improving its mix of assets.Article content
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