Newmont drops Goldcorp from name as part of rebranding, raises dividend GlobeBusiness
Along with the name change in last year’s deal, Newmont committed to making Goldcorp’s Vancouver office its North American regional office, maintaining a significant Canadian presence on Newmont’s board of directors, and listing on the Toronto Stock Exchange.
In November, Newmont announced it would sell the Red Lake mining complex in Ontario that gave Goldcorp its start in the early 1990s, and helped it grow to become one of the world’s biggest gold miners. The deal for Red Lake, valued at up to US$475-million, was part of a streamlining of Newmont’s portfolio after the takeover.
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