Newcrest Mining has unveiled a dividend bonanza on the same day it offered Newmont access to its inner sanctum in a bid to flush out a higher bid.
from the world’s biggest gold miner, Newmont, but will give it access to confidential information in the hope it flushes out a higher offer.
Newcrest’s shares traded 2.1 per cent lower at $23.810 at 11.40am AEDT. Thursday marks 11 days since New York-listed Newmont confirmed it was willing to exchange 0.38 of a share for every Newcrest share under a plan to acquire the ASX’s biggest gold miner.and the Newcrest board on Thursday delivered a similar verdict.
“The provision of this information is subject to certain conditions including signing of an appropriate non-disclosure agreement.”Newcrest has delayed the delivery of an important feasibility study into what could be its next flagship mine; an underground expansion of Canada’s Red Chris. While publication of the feasibility study has been delayed, Newcrest said there was no impact on the actual project schedule, should it be approved for development.
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