Newmont’s Goldcorp deal wins support of Paulson, VanEck, ISS
After promising to sweeten the pot with the largest dividend in 32 years, Newmont has won over two of its biggest investors to the merits of a $10B merger with Goldcorp.
Holdings of the world’s largest gold ETF – SPDR Gold Shares – dropped more than 3 tonnes on Tuesday and follows more than three weeks of straight selling.