More than half of the new company’s reserves will be located in Canada, the United States and Australia, Goldberg said. It is a deal that combines world-class assets and prospects in favorable mining jurisdictions.”Newmont Gorldcorp will have gold assets on four continents, Goldberg said. In fact, he commented, Newmont was one of the few major companies to continue exploration efforts during the downturn in gold prices over much of the last decade.

Newmont-Goldcorp merger On January 14, Newmont Mining (NEM) agreed to pay a 17% premium to acquire stock from Goldcorp (GG) .

The merger clears the way for Newmont's previously announced one-time special dividend of 88 cents per share to be paid on May 1 to Newmont shareholders of record as of April 17. “We’ve looked at a number of opportunities to work together over the years, and today’s announcement would not have been possible without the solid connection and trust we’ve built through these interactions.”Officials said there is already some familiarity between the technical teams of the two companies.Goldberg noted that he has frequently commented in the past that Newmont continuously evaluates various opportunities and whether they meet the company’s criteria for value and risk.“Up until now, only one has met our criteria,” Goldberg said. As well as providing shareholders with the largest gold reserves per share, the new company, called Newmont Goldcorp, will offer the highest annual dividend among senior gold producers. He had been slated to become Newmont CEO when Goldberg retired, and now will be president and CEO of Newmont Goldcorp, Goldberg explained.“Together, we will be responsible for appointing the remaining members of the new management team on a best-talent basis,” Goldberg said.As of the close of the transaction -- should it receive all necessary approvals, including those from shareholders – the board of directors will be proportionally comprised of members that are two-thirds from Newmont and one-third from Goldcorp, Goldberg explained.

“Newmont Goldcorp will have the best project pipeline in the gold industry, providing the foundation for steady profitable production and cash flow for decades,” Goldberg said. Goldcorp owners approve Newmont merger An overwhelming majority of Goldcorp owners on Thursday voted in favour of the proposed US$10 billion acquisition of the company by Newmont Mining. Receive updates directly to your inbox on financial news, press releases, upcoming events and presentations, performance reports, blog posts and more.

He outlined some of the background behind the megadeal in a joint conference call with David Garofalo, the president and CEO of Goldcorp.During his six years as CEO of Newmont, the company has sought to build strong relationships throughout the gold and mining sectors, Goldberg said.“One of our strongest connections has been with the Goldcorp team, based on our shared values and common cultures,” he continued. Newmont Recognized for Strong Environmental, Social and Governance Performance Newmont Brings First Autonomous Haulage Fleet to Gold Mining Industry This is meant to provide a benefit to Newmont shareholders from expected synergies as a result of a joint venture with Barrick Gold Corp. for the two companies' mines in Nevada. Learn More Stay Informed about Newmont Many of the queries during a question-and-answer session sought more specifics, but Goldberg repeatedly explained that officials will be going through an evaluation process to finalize those decisions.“Stay tuned as we go through this…,” Goldberg said at one point.The merger was announced on the same day that Goldcorp “This [merger] was a unique opportunity to provide tactical and financial firepower to advance our robust project pipeline,” Goldcorp’s Garofalo said.Goldberg elaborated on the leadership of the company. Earlier, on April 4, Goldcorp shareholders also approved the merger.

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