Barrick makes aggressive bid for Newmont
Says merger is long overdue transformative shift; Newmont left perplexed by hostile, negative offer by rival gold miner North of 60 Mining News – March 1, 2019
Last updated 9/25/2020 at 2:13pm
Following last year's merger with Randgold Resources, Barrick Gold Corp. has now made an offer to acquire Newmont Mining Corp., a deal that would merge the world's two largest gold mining companies into a behemoth valued at around US$42 billion based on the current market capitalization of the two gold producers.
The combined company would also have 141 million ounces of gold in reserves and 27...