Earlier this week, news spread about the new agreement between Goldcorp Inc. and Newmont Mining Corporation, in which Newmont acquired all outstanding common shares of Goldcorp in a stock-for-stock transaction valued at $10 Billion.

On Tuesday, Christine Marks, Goldcorp’s Director of Corporate Communications, gave our stations an exclusive comment on behalf of Goldcorp Inc. on the new acquisition. It reads:

 

Once the combination is completed, Newmont Goldcorp will be the largest gold company in the world, sustainably producing more gold annually than any other company, today, and we expect for many years to come. We believe this transaction will create the world’s leading gold company with an unmatched portfolio of long life, low cost operations, projects and reserves. We’re combining the best project pipeline and a suite of world-class operating assets in top-tier mining locations.

Creating sustainable value for our people, stakeholders and communities through responsible mining is a shared objective of both Newmont and Goldcorp. We believe that our strategic combination will accelerate these efforts and translate into greater opportunities for our business, partners and people.

 

The transaction between Goldcorp and Newmont Mining is expected to close in the second quarter of 2019.

Filed under: Local News