secwatch.observer — SEC 8-K summary
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Issuer:     NEWMONT Corp /DE/ (NEM)
CIK:        0001164727
Form:       8-K
Filed at:   2023-11-06T23:59:59+00:00
Accession:  0001104659-23-114506
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 2.01, 2.03, 3.02, 5.03, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Newmont completes acquisition of Newcrest to create world's leading gold mining company
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- Acquisition closed November 6, 2023; Newmont issued 357.7M shares at 0.400 shares per Newcrest share.
- Newmont expects $500M annual pre-tax synergies within 24 months and $2B+ cash improvements from portfolio optimization.
- Combined company now has 10 Tier 1 gold and copper operations, strengthening low-risk jurisdiction portfolio.
- Newcrest's $1.65B in senior notes (3.250%, 4.200%, 5.75% due 2030/2050/2041) assumed; $2B revolver change-of-control provisions active.
- Certificate of incorporation amended to authorize 2.55B common shares (up from 1.28B) to accommodate the acquisition.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1164727/000110465923114506/0001104659-23-114506-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1164727/000110465923114506/tm2329893d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-114506

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