Precious Metals: Another Year, Another Major Merger (in the Works)
The merger between large scale producers across the globe has become a consistent theme in the precious metals sector over the past few years. For a third consecutive year, the precious metals space could see another merger between two of its largest producers. On February 5, 2023, Newmont Corporation confirmed that it submitted a nonbinding proposal to acquire 100% of the issued share capital of Newcrest Mining Limited. When an offer is based on an exchange of shares, these type of large scale transactions typically have favorable implications from a credit perspective for the acquiror. Finally, a potential consequence of these mega mergers is the sale of noncore assets that may occur down the road.
DBRS Morningstar is a global credit ratings business with 700 employees in eight offices globally. DBRS and Morningstar Credit Ratings are committed to empowering investor success, serving the market through leading-edge technology and raising the bar for the industry.
Together, we are the world’s fourth largest credit ratings agency and a market leader in Canada, the U.S. and Europe in multiple asset classes. We rate more than 2,600 issuers and 54,000 securities worldwide and are driven to bring more clarity, diversity and responsiveness to the ratings process. Our approach and size provide the agility to respond to customers’ needs, while being large enough to provide the necessary expertise and resources. For more details visit us at dbrs.com.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.