Newmont to become largest gold producer  

<p>Newmont Mining is buying smaller rival Goldcorp for $10 billion, paying an 18 percent premium.</p><p><img src="https://imedia-peoplesdaily.pdnews.cn/up/cms/www/201901/151858552ob5.jpg" title="VCG125554435_00005.jpg" alt="VCG125554435_00005.jpg"/></p><p><span style="color: rgb(127, 127, 127);">Video source: VCG</span></p><p>The deal creates the world&#39;s biggest gold producer just as easy-to-find gold reserves decline.</p><p>Newmont&#39;s shares fell on the news, but Goldcorp&#39;s skyrocketed.</p><p>The deal is the second high-profile merger in the mining industry since Barrick Gold agreed to buy Randgold Resources in September last year.</p><p>It&#39;s expected to close in the second quarter and generate up to $100 million in savings. Newmont Mining said it will buy smaller rival Goldcorp for 10 billion, becoming the world&#39;s biggest gold producer, just as gold reserves are declining.&nbsp;</p>