Barrick Gold, the world’s second-largest gold producer, has studied a bid for Newmont Mining as the Canadian mining giant looks for ways to boost production, people familiar with the matter said.
Barrick has looked on and off at the feasibility of an offer for Newmont for some time, including in recent months, according to the people, who asked not to be identified because the deliberations are private. One possibility that Barrick has studied would involve teaming up with a partner, such as Newcrest Mining, in a bid for Newmont, the people said.