The world’s largest gold producer by market value, output and reserves, is expected to churn out 8.4 million ounces of the precious metal in 2019.
Newmont Goldcorp Mining News
Access to its Peñasquito gold mine is being illegally block by a trucking contractor and some members of the Cedros community.
Recent mergers and acquisitions have brought the industry back into the spotlight, after years of speculation around how the sector could regain power, PwC's Canadian Mine report notes.
Chief Executive Gary Goldberg said on an analyst call the combined company is targeting production of 6 million to 7 million ounces of gold annually.
Ernst & Young’s Canadian Mining Eye index — which tracks the performance of 100 Toronto Stock Exchange and TSX Venture Exchange mid-tier and junior mining companies — rose 5% fin the January-March period.
The deal also will be voted on by Newmont shareholders next Thursday. If approved, the deal is expected to close by June.