Newmont will need major acquisition soon This might be very good for us.
Newmont to sell mines after Newcrest acquisition, “It will result from a combination of asset divestments and the resequencing of projects to ensure we have the appropriate and consistent allocation of cash for reinvestment,”
The acquisition of Newcrest, the largest takeover in the mining industry this year, comes as gold producers face the prospect of stagnating output, harder-to-mine deposits and rising input costs.
Newmont’s bullion output has stalled for the past three years, and the company predicted that without a major acquisition its production would remain the same for another decade.
Details in the link bellow;
Newmont to sell mines after Newcrest acquisition - MINING.COM