Randgold Got A Better Deal: Rob McEwen On Newmont-Goldcorp Merger

The merger between Newmont and Goldcorp will create the world’s largest gold producer, but Canada will lose some of its identity as a mining hub, said Rob McEwen, CEO of McEwen Mining.

“It will, I think, reduce the corporate contribution to society. When the head office moves on to another country, so does the corporate heart, so we will lose it, as we lost the base metals,” McEwen told Kitco News.

On the value that the merger would bring to Newmont, McEwen said that “Randgold got a better deal when it combined with Barrick than Newmont and Goldcorp, just in terms of the quality of the asset that they have.”

Subscribe to the RSD email list and get the latest resource stock activity directly to your inbox, for free.

Part of the Stock Digest family of websites

Small Cap Stock Digest



Name Last Change
DOW 25883.20 1.31%
S&P 500 2775.60 1.08%
NASDAQ 7472.41 0.61%
TSX 15838.24 0.90%
TSX-V 615.92 0.00%

Resource Commodities

Name Last Change
Gold 1326.02 0.34%
Silver 15.79 0.13%
Copper 2.80 0.000
Platinum 807.50 0.31%
Oil 55.59 2.12%
Natural Gas 2.62 1.98%
Uranium 28.70 0.17%
Zinc 1.20 0.00%