Australian gold miner Newcrest backs Newmont's nearly $18b offer

Australian gold miner Newcrest backs Newmont's nearly $18b offer

Photo: Newcrest Mining website

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.