Newmont to Buy Goldcorp in Deal Valued at $10 Billion


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Newmont Mining Corp. agreed to buy rival Canadian gold producer Goldcorp Inc. in a $10 billion, all-stock deal that would create the world’s largest gold miner and intensifies a consolidation wave triggered in part by dwindling supplies of easy-to-find gold.

The move comes on the heels of another mining blockbuster: Canada’s Barrick Gold Corp. agreed to buy Randgold Resources Ltd. for $6 billion in an all-share merger last September.

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