Let's also not forget the long history between these two companies, There is possibly more happening behind closed doors than we will ever be aware of:
Newmont Mining Corporation was founded in 1921 in New York by Colonel William Thompson. The Newmont Mining Corporation began an Australian subsidiary in 1966 and by 1971 they claimed to have discovered Telfer.In 1980 the subsidiary became Newmont Holdings Pty Ltd and was based in Victoria, Australia. Seven years later it was listed on the Australian Stock Exchange as Newmont Australia Limited. When in 1990 the company acquired 100% of Australmin Holdings Ltd and 92% of BHP Gold Mines Ltd, it acquired its current company name.Newcrest's primary focus was within Australia until 1991, when it commenced exploration overseas.
(I do own shares in both so I'm not fussed either way)
NCM Price at posting:
$24.53 Sentiment: Hold Disclosure: Held
