Deals
Barrick Gold Has Studied Offer for Newmont Mining
- Company looked at feasibility of Newmont deal in recent months
- Newmont Mining shares climb while Barrick, Goldcorp slip
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Barrick Gold Corp., the world’s second-largest gold producer, has considered a bid for Newmont Mining Corp. in what could be the biggest-ever industry merger and propel the Canadian miner to the No.1 spot globally.
Shares of Newmont rose 3 percent to settle at $36.48 in New York, valuing the company at more than $19 billion. Barrick slipped 2.4 percent in Toronto, while Goldcorp Inc., which Newmont agreed to acquire in January, fell 4 percent.