Following approval of a significant acquisition by Newmont’s shareholders, shares of Australia’s Newcrest Mining (ASX:NCM) see an increase of up to 2.4% to A$25.88, marking their highest level since September 27.

Newmont Corp has revealed that over 96% of shareholder votes were cast in support of its proposed A$26.2 billion acquisition of Newcrest Mining.

There is a scheduled vote on the deal set for October 13 by Newcrest shareholders.

The stock of Newcrest Mining had seen a 22.5% increase this year, up to its last close.

Newcrest Mining is an Australian mining company specializing in the exploration, development, and mining of gold and copper deposits globally.