Barrick Gold reviewed possible merger with Newmont, no decision made

Barrick Gold reviewed possible merger with Newmont, no decision made
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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

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