Barrick Gold reviewed possible merger with Newmont, no decision made
Posted February 22, 2019 6:16 am.
This article is more than 5 years old.
TORONTO — Barrick Gold Corp. confirms it has “reviewed the opportunity” to merge with rival Newmont Mining Corp., but says no decision has been taken.
The Toronto-based gold miner says it has considered an all-share transaction with Colorado-based Newmont — a move that would combine two of the world’s largest gold producers.
Newmont could not immediately be reached for comment.
Reports of a potential deal began circulating Thursday, after Bloomberg reported it had been told by unidentified people that Barrick had considered the feasibility of an offer in recent months.
Newmont announced a friendly deal in January to acquire Vancouver-based Goldcorp Inc. for US$10 billion.
That transaction has not yet been completed.
Companies in this story: (TSX:ABX, TSX:G)
The Canadian Press
