Newcrest rejects Newmont bid but open to counter offer as profit beats expectations

Newcrest rejects Newmont bid but open to counter offer as profit beats expectations

Photo: Newcrest Mining website

Australia’s Newcrest Mining Ltd on Thursday rebuffed Newmont Corp’s $16.9 billion takeover bid, but left the door open for a better offer as it logged profit that surged past analyst expectations and paid out a special dividend.