SYDNEY -Australian gold miner Newcrest Mining Ltd said on Monday it would back Newmont Corp's A$26.2-billion ($17.8 billion) takeover offer in one of the world's largest buyouts so far this year. 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, and catapult the miner past Freeport McMoRan to become the largest U.S. gold and copper producer by market capitalization.

https://business.inquirer.net/400947/australian-gold-miner-newcrest-backs-newmonts-17-8-b-offer

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