Don't judge it yetI see a lot of knocks regarding the Newcrest acquisition. It was my understanding that NEM wanted Newcrest for two major reasons.
They want more exposure to copper, and they wanted to increase gold reserves.
I think they scored on both counts. And, for cheap. It may turn out that they bought at just the right time.
In , due course this should pay off. Plus, they plan to sell a half dozen noncore assets. If gold continues its upward clime, NEM may realize some hefty returns on those assets.