Deals

Newmont CEO Eager to Meet with Barrick But Not About Merger

  • Goldberg says he’s meeting with Bristow in New York Tuesday
  • Talks will be on potential joint venture in Nevada: Goldberg
Newmont CEO Gary Goldberg discusses his company’s joint venture proposal to Barrick Gold. (Source: Bloomberg)
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After more than a week of tough talk firing back and forth, the leaders of the two biggest gold producers are finally coming to the table.

Newmont Mining Corp. Chief Executive Officer Gary Goldberg said he will be meeting with Barrick Gold Corp.’s Mark Bristow later Tuesday in New York to talk through their differences. However, he said in a Bloomberg TV interview that he won’t be discussing Barrick’s bid for his company, but rather Newmont’s proposal for a joint venture around the two companies’ assets in Nevada.