Colorado-based gold producer Newmont Corp (NYSE: NEM) announced a $16.9 billion bid for Australian miner Newcrest Mining (TSX: NCM) in an attempt to construct a worldwide gold powerhouse. According to the Indicative Proposal, Newcrest shareholders would get 0.380 Newmont shares for every Newcrest share held. Based on the last closing price of Newmont shares and … Continue reading Newmont Slumps After Announcing Revised $16.9 Billion Deal To Acquire Newcrest