Newmont Mining Corp (NEM.N) has agreed to buy Fronteer Gold Inc (FRG.TO) for C$2.3 billion ($2.3 billion), extending its presence in the western United States as bullion prices hover near record highs. The cash and stock transaction - the latest in a string of deals targeting Canadian miners - adds 4.2 million ounces of gold resource to the portfolio of the world's second-largest gold producer. "The acquisition of Fronteer Gold will contribute significantly to our anticipated growth profile in North America," Newmont Chief Executive Richard O'Brien said in a statement on Thursday.
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