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April 24, 2019

Newmont Goldcorp expected to account for 7.1% of global gold production in 2019

Newmont will also be entering into new geographical markets for extraction of gold, including Argentina, Chile, Mexico and the Dominican Republic.

By GlobalData

Newmont Mining Corporation, is in the advanced stages of its takeover of Canada’s Goldcorp, as the company’s shareholders agreed upon the issuance of Newmont common shares at a special meeting of shareholders on 11 April.

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Earlier this month, Goldcorp shareholders also voted unanimously in favour of the $10 billion deal which would create the world’s largest gold company. This follows the $5.4 billion mergers of Barrick Gold and Randgold Resources in 2018.

Newmont Goldcorp merger

According to GlobalData, should the Newmont’s takeover of Goldcorp go through as expected the new company, Newmont Goldcorp, will become the world’s largest gold producer, with estimated gold production at 8.4 million ounces in 2019, equivalent to 7.1% of global production, versus 5.6 million ounces for Barrick Gold, and 2.8 million ounces for Kinross Gold.

While $1-1.5 billion of assets are expected to be sold over the next two years, initially the new entity will possess 83 gold projects, including 29 operating and 15 currently under development.

The majority of the operations will be in the Americas, with Canada and the US, collectively accounting for 67.5% of the total assets, followed by Australia (6%), Peru (6%), and Argentina (3.6%). With this, Newmont will also be entering into new geographical markets for extraction of gold, including Argentina, Chile, Mexico and the Dominican Republic.

In comparison, Barrick Gold has 84 gold projects, of which 21 are in operation and Kinross has 25, with 13 in operation.

Newmont versus Newmont Goldcorp portfolio of gold projects

Source: GlobalData, Mining Intelligence Center       

Newmont stock prices monthly average (US$), 2018–2019

Source: GlobalData  

 

GlobalData’s forecasts for gold production are based on the extensive study of mine production growth rates, expansions, upcoming projects and closures across the globe.

Mining Intelligence Center GlobalData’s Mining Intelligence Center is a source of mine, commodity, customer and competitor intelligence for the global mining sector. The Center’s service includes a mining database covering 29,500+ mine profiles from over 110 mining commodities spread across 150+ countries. The Center also profiles 28,000+ companies, forecasts production, demand, imports, exports and prices for 15 key commodities and tracks the latest mining news.

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Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

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