Randgold

Barrick gives up plans to acquire Newmont, will form Nevada JV instead

Under the deal, Barrick will take a 61.5% stake in the joint venture consisting of the duo’s Nevada mines, with Newmont holding the remainder.

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Barrick open to discuss a joint venture in Nevada with Newmont

Chief executive Mark Bristow will discuss a potential JV with rival Newmont only if his company runs the operation.

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Newmont rejects $18B hostile bid by Barrick, releases private messages

The US mining giant fired back with the terms of a deal that seeks merging operations in Nevada.

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Barrick, Newmont step up game to sway top investors

Barrick forecasts over $7 billion in pre-tax savings over 20 years, based on net present value — $4.7 billion of which will come from Nevada.

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Barrick-Newmont merger would leave up to $7B of assets up for grabs

The portfolio would include their Kalgoorlie super pit 50/50 joint-venture in Western Australia, as well as other regional assets such as Porgera, Tanami and Boddington mines.

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It’s happening — Barrick makes hostile $17.8 billion bid for Newmont

If successful, the move will create the world’s largest gold company with a value of around $42 billion at current market prices.

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Barrick posts $1.2-billion quarterly loss, sees cost rising this year

Company pinned the cost increases partly on mining ending at its low-cost Cortez Hills open pit in Nevada in the first half of the year, but noted it expected to reverse the trend over the next two to three years.

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Barrick’s Tongon mine hits production targets despite strikes, social unrest

After nine months of intermittent production caused by illegal strikes and social unrest, Tongon gold mine achieved its revised production target of 230,000 ounces for 2018, down from 288,680 the previous year.

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