Newmont Mining Corp

Barrick Gold drops takeover bid for Newmont Mining

Barrick Gold drops takeover bid for Newmont Mining

Business 03/11/19, 08:25

Barrick Gold is dropping its takeover bid for Newmont Mining, as the gold companies instead form a joint venture to combine their Nevada mining operations.Last month Barrick Gold Corp. offered to acquire Newmont Mining Corp. for about $18 billion in stock.The joint venture will include the companies' assets and reserves ...

Barrick Gold goes after Newmont to create mining giant

Barrick Gold goes after Newmont to create mining giant

Business 02/25/19, 07:48

Barrick Gold will try to acquire Newmont Mining Corp. in an all-stock deal that would create a mining behemoth worth about $42 billion.Newmont, based in Colorado, has shunned the Canadian miner so far, and the latest overture could become hostile.Under the proposal, Newmont stockholders would receive 2.5694 Barrick shares for ...

Newmont’s $10B offer would create world’s biggest gold miner

Newmont’s $10B offer would create world’s biggest gold miner

Business 01/14/19, 07:29

Newmont Mining will buy Canada's Goldcorp for $10 billion, creating the world's biggest gold miner.The combined company could log gold production of 6 million to 7 million ounces over a decade and recognize $100 million in annual pre-tax savings.Miners are consolidating as gold becomes more expensive to procure. Barrick Gold ...

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