Barrick in talks with Newmont to combine Nevada gold operations, sources tell Reuters

Section:

By Zandi Shabalalaand Clara Denina
Reuters
Monday, November 5, 2018

LONDON -- Barrick Gold Corp, which is being reorganized by Barrick’s $6.1 billion takeover of Randgold Resources, is in talks with Newmont Mining to combine their Nevada gold mining operations, sources told Reuters.

Last month's tie-up between Barrick and Africa-focused Randgold Resources revived speculation about a joint venture between Newmont and Barrick in Nevada, something the two mining firms explored in 2014 without reaching a deal.

"They have been trying to negotiate for years but Newmont couldn't agree with Barrick, one source said. "Now that you have a new management team, it's certain they revived those talks." ...

... For the remainder of the report:

https://www.reuters.com/article/us-barrick-gold-newmont-mining/barrick-i...


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