shares of newmont corp nem dropped 61 in premarket trading monday after the gold miner confirmed that it made a bid to buy australiabased newcrest mining ltd in proposed stock deal that was enough to make newmont’s stock the biggest percentage decliner ahead of the open based on newcrest’s australialisted shares ncm  the gold miner was valued at 2192 billion according to factset newmont said it’s bid to merge with newcrest is based on 0380 newmont shares per newcrest share which based on friday’s closing price would be about 1894 or 252 above the friday’s close of the uslisted shares ncmgy of newcrest mining ““we believe a combination of newmont and newcrest presents a powerful value proposition to our respective shareholders workforce and the communities in which we operate” newmont chief executive tom palmer said newmont’s stock has rallied 216 over the past three months through friday while gold futures gc00 have climbed 124 and the sp 500 spx has advanced 97