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

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

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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