Sep 20, 2019 Guest(s): Tom Palmer Incoming CEO, Newmont Goldcorp
Tom Palmer, currently COO of Newmont Goldcorp, will assume the role of CEO and helm the world's largest gold miner as of October 1, 2019.
Palmer, who has worked for Rio Tinto for 20 years before joining Newmont Goldcorp as COO, hails from a family with a long mining history, and plans to focus on maximizing synergies from the last merger before turning his attention to other acquisitions.
"Our focus is going to be on delivering the value that we committed to the Goldcorp acquisition, we've got the divestment of Red Lake, and we want to make sure our balance sheet is strong enough so that we've got the financial flexibility so that if an opportunity does present, we could take advantage of it, but it's not our focus, Palmer told Kitco News on the sidelines of the Denver Gold Forum.