The head of Newmont Corp., the world’s largest gold producer, says that his company’s current stock price is the lowest it will be for a generation as the miner attempts to consolidate its collection of top-tier assets.
The U.S.-based gold giant recently announced that it will seek to sell six mines and two other projects in order to generate US$2 billion in cash as it transitions to a portfolio of solely tier-one assets; the world’s largest and most-sought after gold mines.