speculation on the newmont move The production volume of gold of Newcrest Mining Limited amounted to 1,956 thousand ounces [1.95 million ozs?] in financial year 2022, ---google
US$17 billion buyout offer at yesterday's market prices.
cost of capex to obtain about 70% of ksm would be in the neighbourhood of $7 billion
ksm would produce approximately 1 million ozs of gold per year or thereabouts for the 1st ten years of mining according to my general recollection of their prefeasibility study.
would the attempt at taking out of ksm been a better deal for newmont....
I'm just getting orientated to the general dynamics to the newmont offer...