Kitco Newsn

Gold prices have erased their modest early losses in morning trading action Monday.

Barrick Gold Corp. (NYSE: GOLD; TSX: ABX) has made a proposal to buy Newmont Mining Corp. (NYSE: NEM) in an all-stock deal, Barrick announced Monday.

Gold prices are just modestly lower in early U.S. trading Monday.

Today Barrick proposed a merger with Newmont which we believe will be overwhelmingly in the interest of both companies’ shareholders.

Bitcoin-U.S. dollar prices are weaker in early trading Monday, following solid selling pressure on Sunday.

Modelling company valuations based on today’s share price, a combined Barrick Gold and Newmont Mining would have a $51.96B market capitalization making it 3.6 times the size of its nearest rival, Franco Nevada.

What would have happened if billionaire Warren Buffett made his first investment in gold instead of shares? Well, according to Buffett himself, he would have lost out on billions, the chairman of Berkshire Hathaway wrote in an annual letter to sharehol…

The latest development in the potential Barrick-Newmont merger is Barrick Gold Corp. (NYSE: GOLD; TSX: ABX) sending a notice of intent to Newmont Mining Corp. (NYSE: NEM) to make two shareholder proposals.

A news report that Barrick Gold Corp. (NYSE: GOLD; TSX: ABX) is considering a hostile takeover of Newmont Mining Corp. (NEM) is another sign of the potential for continuing consolidation in the gold-mining sector and could help perk up investor intere…

(Kitco News) – Wall Street and Main Street are unequivocally bullish on gold in the near term as the precious metal saw strong gains this past week, culminating in a 10-month high.