Canada’s Barrick Gold Corp is studying an audacious US$19 billion bid for rival gold giant Newmont Mining Corp, according to a report by Canadian newspaper the Globe and Mail. The potential mega-merger would resemble one of the largest ever deals in the mining sector and closely...
Newmont Mining Corp will acquire Canadian rival Goldcorp in a deal valued at US$10 billion which will create the world’s biggest gold producer by output. The share-based deal brings together two giants of the global gold sector who produced a combined 7.9 million ounces (Moz) of...
A new report by Fitch Solutions has predicted gold miners to continue cost-cutting measures in 2019, with more mergers and acquisitions (M&A) expected following last year’s Barrick-Randgold mega-merger. The study concluded that largest firms in the world are likely to remain committed to spending cuts in...
Barrick Gold’s executive chairman John Thornton has laid out a streamlining plan for the gold mining major after its investors approved the US$6.1 billion merger deal with Randgold Resources. The world’s biggest gold producer confirmed that 99.8% of its shareholders were in favour of the no-premium...