RE: Size of the potential raise17 May 2023 01:46
Attention will now shift to Newmont’s ability to integrate its costly and hefty target, extract savings and dispose of non-core assets to generate a promised $500 million in annual synergies. The Denver-based miner will aim to increase cash flows by $2 billion in the two years after the deal closes through portfolio optimization.
Newcrest’s Telfer and Havieron mines in Western Australia are likely to be among assets to be earmarked for sales, because the former is too mature and the latter too small for the enlarged Newmont, according to Daniel Morgan, an analyst with Sydney-based investment bank Barrenjoey.
“There’s a long list of gold companies that would look at all assets that become available,” Morgan said. London-based Greatland Gold Plc, already a partner in Havieron, was a logical buyer, he said.
https://finance.yahoo.com/news/newmont-inks-20-billion-newcrest-225440948.html