Newmont secures Canadian Competition Bureau clearance for Newcrest acquisition; Q4 close expected

NEWMONT Corp /DE/

Canadian Competition Bureau issued no-action letter under Canadian competition law for Newcrest deal.
Transaction expected to close in Q4 2023, pending other regulatory approvals.
Annual pre-tax synergies of $500M targeted within 24 months post-close.
Portfolio optimization expected to generate at least $2B in first two years after closing.
Combined company would operate 10 Tier 1 mines with increased copper production from Australia and Canada.

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