*Denver, November 6, 2023* – Newmont Corporation has successfully completed the acquisition of Newcrest Mining Limited, solidifying its position as the world’s leading gold company with robust copper production[1]. This historic milestone marks a significant transformation in the industry, with Newmont’s President and Chief Executive Officer emphasizing the focus on safely, efficiently, and responsibly integrating Newcrest’s assets and people into Newmont’s proven operating model[1]. The acquisition is expected to bring about more than half of the world’s Tier 1 assets, an unmatched portfolio of long-life operations, and abundant exploration opportunities[1]. Newmont’s purpose is to create value and improve lives through sustainable and responsible mining[1].

The acquisition is anticipated to result in substantial synergies and value creation, with an estimated $500 million in annual synergies and an estimated $2 billion in incremental cash flow[4]. This transaction also increases Newmont’s annual copper production, positioning the company to deliver superior value for its shareholders, workforce, host communities, and governments[4]. The combined group will set a new benchmark in gold production while benefitting from a material and growing exposure to copper[4].

Newmont’s acquisition of Newcrest follows its previous acquisition of Goldcorp Inc. in 2019, which further demonstrates the company’s commitment to maximizing value for its shareholders and other stakeholders[3]. The company’s sustainability strategy and initiatives have been recognized, with Newmont being the top gold miner in the Dow Jones Sustainability Index for the last eight years[4].

The acquisition of Newcrest is a significant move that is expected to have a lasting impact on the gold mining industry, reinforcing Newmont’s position as a key player in the global market.

For further details, you can refer to the full press release on the [Newmont website](https://www.newmont.com/investors/news-release/news-details/2023/Newmont-Acquires-Newcrest-Successfully-Creating-Worlds-Leading-Gold-Mining-Business/default.aspx).

Citations:
[1] https://www.newmont.com/investors/news-release/news-details/2023/Newmont-Acquires-Newcrest-Successfully-Creating-Worlds-Leading-Gold-Mining-Business/default.aspx
[2] https://www.reuters.com/article/idUSWEN8036/
[3] https://www.lexpert.ca/big-deals/newmont-completes-us10-billion-acquisition-of-goldcorp-to-create-worlds-leading-gold-company/352586
[4] https://www.newmont.com/investors/news-release/news-details/2023/Newmont-Enters-into-Definitive-Agreement-to-Acquire-Newcrest/default.aspx
[5] https://finance.yahoo.com/news/karus-completes-name-change-consolidation-132000084.html