M&A Deal Summary

Newmont Mining Acquires Newcrest

On May 14, 2023, Newmont Mining acquired metals/mining company Newcrest for 28.8B AUD

Acquisition Highlights
  • This is Newmont Mining’s 6th transaction in the Metals/Mining sector.
  • This is Newmont Mining’s largest (disclosed) transaction.
  • This is Newmont Mining’s 1st transaction in Australia.

M&A Deal Summary
Date 2023-05-14
Target Newcrest
Sector Metals/Mining
Buyer(s) Newmont Mining
Deal Type Add-on Acquisition
Deal Value 28.8B AUD

Target

Newcrest

Melbourne, Australia
Newcrest is a gold mining company and operates mines in four countries, with a global workforce of around 16,000. Newcrest was founded in 1966 and is based in Melbourne, Australia.

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Buyer(S) 1

Buyer

Newmont Mining

Denver, Colorado, United States
Category Company
Founded 1916
Sector Metals/Mining
Employees21,700
Revenue 11.8B USD (2023)
DESCRIPTION

Newmont Mining is a gold producer, with significant assets or operations in the United States, Australia, Peru, Indonesia, Ghana, New Zealand, and Mexico. Newmont Mining was founded in 1916 and is based in Denver, Colorado.

DEAL STATS #
Overall 6 of 6
Sector (Metals/Mining) 6 of 6
Type (Add-on Acquisition) 5 of 5
Country (Australia) 1 of 1
Year (2023) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-09 GT Gold

Vancouver, British Columbia, Canada

GT Gold primarily engages in the acquisition, exploration, and development of mineral properties in Canada. The company explores gold, silver, and copper from its Tatogga property, which covers an area of approximately 47,500.29 hectares located in northwestern British Columbia. GT Gold was formed in 2013 and is headquartered in Vancouver, Canada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-18 Newmont Mining - Musselwhite Operation

Ontario, Canada

Newmont Mining's Musselwhite Operation is a gold mines.

Sell $850M
Mergr

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