Thursday, October 30, 2025

Newcrest Mining Enters Exclusivity Period With Newmont

It appears that Newcrest Mining (TSX: NCM) was enticed by the final offered made by Newmont Corp (NYSE: NEM) earlier this week. The two parties have reportedly entered into an exclusivity deed related to the proposed acquisition.

The exclusivity deed will see Newcrest grant exclusivity to Newmont until May 12 so as to enable confirmatory due diligence to be conducted in relation to the proposed transaction. Under the terms of the deal, Newcrest is not able to directly or indirectly solicit a competing proposal, participate in negotiations are discussions that would reasonably lead to a competing proposal, and must notify Newmont of any approach or proposal within two business days, although they would not be required to reveal whom the competing party is.

The requirements have been summarized as “No shop,” “No talk,” “No Due Diligence,” and “Notification Obligation.”

The arrangement follows Newmont making what it referred to as its best and final offer for Newcrest, offering to acquire the firm for 0.4 Newmont shares per share of Newcrest. Newcrest would also be permitted to issue a dividend of up to $1.10 per share prior to the consummation of the transaction. The proposed exchange rate worked out to A$32.87 per share of Newcrest at the time the offer was made, or about US$19.5 billion.

The bid followed an offer of 0.38 Newmont shares per Newcrest share, made back in February.

The transaction, if completed, would be the third largest deal ever involving an Australian firm, and would result in Newmont having four times the production scale as its nearest competitor, Barrick Gold.

Newcrest Mining last traded at $27.23 on the TSX.


Information for this briefing was found via Sedar, Reuters, and the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Silver’s Finally Breaking the System | Keith Neumeyer – First Majestic

The Best News for Gold Was the Drop! – Peter Grandich

McEwen Copper: The Los Azules Feasibility Study

Recommended

Silver47 Completes Property-Wide Geochemical, Rock Sampling Program At Adams Plateau, Identifies Numerous Targets

Altamira Gold Identifies Presence Of Second Mineralized Porphyry Body At Cajueiro

Related News

Newmont Sells Off Equity Held In Discovery Silver, Greatland Resources

Newmont (TSX: NGT) evidently wanted to take advantage of the recent lift in equity valuations,...

Wednesday, July 16, 2025, 08:18:40 AM

GT Gold Corp To Be Acquired By Newmont For $3.25 Per Share

GT Gold Corp (TSXV: GTT) this morning announced that it has entered into a binding...

Wednesday, March 10, 2021, 08:04:00 AM

Gold Lion Resources: Gold Exploration In Idaho

Vancouver-based Gold Lion Resources Inc. (CSE:GL) is an early-stage exploration company looking for gold in the resource-rich...

Sunday, November 22, 2020, 01:59:00 PM

Newmont Rakes In $3.4B In 2024 Net Income Following Divesting Assets

Newmont (TSX: NGT) released its Q4 and 2024 results, touting record quarterly free cash flow...

Friday, February 21, 2025, 08:49:00 AM

Mexico: The World’s Leading Silver Producer

There is a saying in the mining industry that miners go where the minerals are....

Saturday, February 6, 2021, 02:48:00 PM