Newmont Goldcorp is now the world’s largest gold producer by market value, output and reserves, as well as the only bullion producer listed in the S&P 500 Index.
Barrick Mining News
Deal creates the world’s largest gold producer by market value, output and reserves.
Deal creates the world’s largest gold producer by output, robing Barrick of its recently cemented supremacy.
A mix of political populism, higher commodity prices and the expectation electrification will spur demand for raw materials has led governments to change the rules for miners operating in their countries.
The company said Felix Tshisekedi had confirmed his intention of working with miners to keep growing the Central African nation’s gold sector.
Newmont's $10-billion acquisition of Canada’s Goldcorp is expected to close in the second quarter of the year.
The one-time special dividend, worth $470 million, will be given to Newmont's shareholders only if its friendly takeover of Canada’s Goldcorp is approved.
The Montana, U.S.-based Sunlight mine has been approaching the end of its operational life in recent years and its remaining gold reserves are nearly depleted.
Decision doesn't determine the final faith of the long-delayed and polemic project, as the case has been sent back to the Environmental Court for review by a different panel of judges, a process that could last several months.
Under the deal, Barrick will take a 61.5% stake in the joint venture consisting of the duo’s Nevada mines, with Newmont holding the remainder.
The megamerger mania now underway for Newmont Mining Corp., Barrick Gold Corp. and Goldcorp Inc. could force mid-tier companies to team up in order to successfully compete.
Barrick Chief Executive Mark Bristow and Newmont CEO Gary Goldberg met for dinner on Tuesday night in New York.
Chief executive Mark Bristow will discuss a potential JV with rival Newmont only if his company runs the operation.
The US mining giant also fired back with a deal that seeks merging operations in the state of Nevada.
Newmont rejects Barrick buyout offer, proposes Nevada tie-up.
Barrick forecasts over $7 billion in pre-tax savings over 20 years, based on net present value — $4.7 billion of which will come from Nevada.
The portfolio would include their Kalgoorlie super pit 50/50 joint-venture in Western Australia, as well as other regional assets such as Porgera, Tanami and Boddington mines.
And Newmont CEO Gary Goldberg has the slides to prove it.
If successful, the move will create the world’s largest gold company with a value of around $42 billion at current market prices.
Analysts have revised Canada's 2019 gold mine production growth forecast up to 6% from 2%.
The Canadian gold giant confirmed it has reviewed the opportunity to merge with the US miner in an all-share deal.
Chief executive officer Mark Bristow, who is in the South American nation to review the company’s regional strategy, said Barrick’s assets in Chile were an important part of its global portfolio.
The companies announced their planned all-share tie-up in January, just two weeks after the Barrick-Randgold merger was finalized.
Combining major gold miners already struggling with slowing production doesn’t solve the problem, but only masks it for a single year.
Seven weeks into the job, Barrick Gold Corp.’s new boss has already discovered, first hand, the challenges of developing and mining giant deposits in Latin America.