Newmont creates largest gold miner in €8.7bn deal

Newmont Mining will buy rival Goldcorp in a deal valued at $10bn (€8.7bn), creating the world’s largest gold miner and cementing a return of mergers and acquisitions to the industry.

The transaction comes just three months after Barrick Gold’s move to buy Randgold Resources in a $5.4bn transaction, which instantly spurred speculation that rivals would have to respond.