# Newmont bids $17B for Newcrest Mining

Newmont Corp. made an all-stock offer valued at $17 billion to acquire Australia's Newcrest Mining Ltd., which would be the largest gold mining takeover ever.

- Type: Acquisition
- Announced: 2023-02-05
- Where: Australia
- Value: $17.0B
- Status: announced
- Products: gold
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Newcrest Mining](https://endata.com/companies/6567.md) (target)
- [Newmont](https://endata.com/companies/33369.md) (acquirer)

## Sources

- [news.bloomberglaw.com](https://news.bloomberglaw.com/mergers-and-acquisitions/newmonts-bid-for-newcrest-marks-new-era-for-mining-mega-deals), 2023-02-06: "Newmont Corp.'s $17 billion offer for Australia's Newcrest Mining Ltd. suggests it's finally starting to happen on a significant scale."
- [spglobal.com](https://www.spglobal.com/market-intelligence/en/news-insights/research/newmont-acquisition-of-newcrest-would-be-largest-gold-merger-in-history), 2023-03-09: "The transaction would be the largest gold mining merger in history, valued at just shy of $17.0 billion."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.