Newmont receives KFTC clearance for Newcrest acquisition; expects Q4 2023 close

NEWMONT Corp /DE/

KFTC clears Newmont's acquisition of Newcrest, citing no violation of Korea's Monopoly Regulation and Fair Trade Law.
Earlier regulatory clearances: PNG's ICCC cleared, Canada's Bureau issued 'no action' letter in July.
Pending approvals from ACCC, FIRB, JFTC, PCC; continued engagement with PNG government.
Closing expected in Q4 2023; pre-tax synergies of $500M annually within 24 months, at least $2B portfolio optimization.
Combined company to have 10 Tier 1 operations and increased copper production from Australia and Canada.

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