![]() The companies said the deal was due to be finalised in the fourth quarter of 2023. Know today’s gold rate in Mumbai, Delhi, Chennai, Kerala and Bengaluru. The deal requires Australia's Foreign Investment Review Board (FIRB) approval as well as Newcrest and Newmont shareholders to vote in support the transaction, among other regulatory requirements. Newcrest said it recommended its shareholders vote in favour of the deal at a meeting expected to be held in September or October. Newcrest shareholders will be able to choose to receive New York Stock Exchange-listed Newmont shares or Australian-listed CHESS Depository Instruments (CDIs) as payment. The Denver-based miner added it would have combined annual copper production of approximately 350 million pounds from Australia and Canada. Newmont said it would have about 8 million ounces of total combined annual gold production once the deal closed, with more than 5 million gold ounces from 10 long-life and low-cost mines. "This transaction will combine two of the world's leading gold producers, bringing forward significant value to Newcrest shareholders through the recognition of our outstanding growth pipeline," said Newcrest Chairman Peter Tomsett. The merger is set to be the third-largest deal ever involving an Australian company and the third-largest globally in 2023, according to data from Refinitiv and Reuters' calculations. Newmont is also allowing Newcrest to pay a franked special dividend of up to $1.10 per share on the implementation of the deal that returns tax credits to Australian shareholders. Newcrest shares opened on Monday 1.5% higher at A$28.68, and the offer is a 30.4% premium to the stock's price in February before the Newmont bid became public. Newcrest shareholders would receive 0.400 Newmont share for each share held, with an implied value of A$29.27 a share, higher than a previous exchange ratio of 0.380 that Newcrest's board rejected in February. gold and copper producer by market capitalisation. The deal, subject to approval from shareholders of both companies and other regulatory hurdles, would lift Newmont's gold output to nearly double its nearest rival, Barrick Gold Corp (ABX.TO), and catapult the miner past Freeport McMoRan (FCX.N) to become the largest U.S. When you return to the cookie will be retrieved from your machine and the values placed into the calculator.May 15 (Reuters) - Australian gold miner Newcrest Mining Ltd said on Monday it would back Newmont Corp's (NEM.N) A$26.2 billion ($17.8 billion) takeover offer in one of the world's largest buyouts so far this year. Pressing the button will place a cookie on your machine containing the information you entered into the Holdings Calculator. If your browser is configured to accept Cookies you will see a button at the bottom of the Holdings Calculator. The spot price of Gold per Troy Ounce and the date and time of the price is shown below the calculator. Totals for Gold and Silver holdings including the ratio percent of gold versus silver will be calculated. The Current and Future Gain/Loss will be calculated. Optionally enter number amounts for Purchase Price and/or Future Value per unit of weight chosen. The Current Value for the amount entered is shown. The current price per unit of weight and currency will be displayed on the right. If you wish to select a currency other than USD for the Silver holdings calculator. NOTE: You must select a currency for gold first, even if you don't enter a value for gold holdings. Learn more about Sovereign Gold Bonds (SGB) & Schemes visit NSE India. ![]() In india, to buy the bond, investor has to pay the issue price in cash to an authorised SEBI Broker. Select Ounce, Gram or Kilogram for the weight. Sovereign Gold Bonds (SGBs) are the safest way to buy and store gold, substitute for physical gold. The Holdings Calculator permits you to calculate the current value of your gold and silver.Įnter a number Amount in the left text field.
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