Randgold Resources Mining News

Barrick open to discuss joint venture in Nevada with Newmont

Chief executive Mark Bristow will discuss a potential JV with rival Newmont only if his company runs the operation.

Newmont rejects $18B hostile bid by Barrick, releases private messages

The US mining giant also fired back with a deal that seeks merging operations in the state of Nevada.

Barrick, Newmont step up game to sway top investors

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.

Ex-Goldman banker may finish huge gold deal five years later

The man proposing to buy Newmont Mining Corp. in the world’s biggest gold takeover is the same person who was blamed for the deal falling apart five years ago.

Barrick-Newmont merger would leave up to $7B of assets up for grabs

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.

It’s happening — Barrick makes hostile $17.8 billion bid for Newmont

If successful, the move will create the world’s largest gold company with a value of around $42 billion at current market prices.

Barrick on Newmont merger: "No decision at this time"

The Canadian gold giant confirmed it has reviewed the opportunity to merge with the US miner in an all-share deal.

Barrick Gold posts $1.2 billion quarterly loss, sees cost rising in 2019

The company pinned the cost increases partly on mining ending at its low-cost Cortez Hills open pit in Nevada in the first half of the year.

Barrick’s Tongon mine hits production targets despite strikes, social unrest

After nine months of intermittent production caused by illegal strikes and social unrest, Tongon gold mine achieved its revised production target of 230,000 ounces for 2018, down from 288,680 the previous year.

Monster gold-mining deals pile pressure on those left behind

“The question becomes now, will there be a domino effect?”

New era for Barrick Gold begins

Barrick now trades as GOLD in New York and continues as ABX in Toronto.

This odd couple plots to save $100B gold mining business

“This is now Mark Bristow’s company and I think John knows that.”

Randgold to cease trading as merger with Barrick gets final approval

The planned merger, which creates the world's top gold miner by value and output, has been approved by the Royal Court of Jersey.

Barrick selling research and development firm AuTec

Incoming CEO Mark Bristow has announced his intention to offload non-core assets and research and development company AuTec is one of them.

La Mancha plans to expand its African footprint, buy Barrick gold mines

La Mancha is a private gold company with investments in Toronto-listed Endeavour Mining, Australia's Evolution Mining and Ghana-focused Golden Star Resources.

Ex-SAS Commander who led Barrick's efforts in Tanzania has left

Richard Williams who served as Barrick’s chief of staff and later chief operating officer was assigned in February to work full-time on securing a deal between the Tanzanian government and Acacia Mining Plc.

Randgold ready to mediate in Acacia's Tanzania row before Barrick tie-up

Bristow, who will be CEO of the merged firm, did not give specifics about what that mediation would involve, but said he would be acting in his capacity as Randgold's chief executive not as the head of Barrick.

Barrick chairman says miner eyes nimble future after Randgold deal

Barrick Gold shareholders "overwhelmingly" approved its all-stock acquisition of Africa-focused Randgold Resources.

Barrick, Newmont said to be in talks to merge Nevada operations

Experts believe the US firm could achieve $300 million in operating and cost savings from combining its mines in Nevada with those of the Canadian rival.

Barrick's Randgold acquisition may spur more gold M&A

The market may see the wave of consolidation we’ve been waiting for - Michael Siperco, analyst at Macquarie Capital Markets.

Barrick, Randgold sweeten dividend ahead of takeover deal vote

Randgold plans to sweeten its 2018 dividend by 35%, to $2.69 per share from $2, and pay it before the merger closes.

Barrick could trade copper mines for gold ones to expand Tier 1 assets

The combined miner plans to focus on Tier 1 assets, those producing at least 500,000 ounces of gold annually, with a mine life of more than 10 years and low costs.

About $5B in assets to be sold due to Barrick-Randgold merger — expert

BMO Capital Markets has flagged a total of 13 mines that could be sold following the $6-billion merger.

Barrick favors taking back control of Acacia Mining

No final decision has been made, and it’s also not clear whether all three of Acacia’s Tanzanian gold mines will be brought back into Barrick.

Barrick maintains forecasts ahead of Randgold vote

Shareholders of Barrick and Randgold will vote on Nov. 5 on an all-stock transaction that will create a company with operations in Africa, Australia, North and South America, Saudi Arabia and Papua New Guinea.