Newmont Corporation has announced that more than 96 per cent of shareholder votes were cast in favour of the issuance of Newmont common stock in connection with the proposed acquisition of Newcrest Mining.
Newmont President and CEO, Tom Palmer, said that Newmont’s shareholders recognised the strategic rationale to create the industry’s strongest portfolio of world class gold and copper assets, and voted in favour of the transformational transaction.
“This unrivalled platform, featuring the industry’s best talent running the highest concentration of Tier One assets in the most favourable jurisdictions, uniquely positions Newmont to generate superior returns for decades,” Mr Palmer said.
All government regulatory approvals necessary for the transaction to proceed have been secured. Newmont and Newcrest anticipate the transaction closing in early November, subject to the satisfaction of customary closing conditions.
On 14 May 2023, Newmont announced its definitive agreement to acquire Newcrest.
