Nevada Is the Jackpot of a Barrick-Newmont Merger

The future of the world’s biggest gold-mining deal hinges on a chunk of terrain that is among the most valuable in America: the gold fields of Nevada.

Newmont Mining Corp. formally rejected Barrick Gold Corp.’s unsolicited $18 billion proposal and offered an alternative: a joint venture of the two miners’ Nevada operations. Toronto-based Barrick’s merger plan is anchored in a plan to strip out nearly $7.1 billion of costs in a combined company. All but $2.4 billion of that, they say, can be squeezed from combining the two...

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Hostile gold merger has only glimmer of appealBarrick Gold's $18 bln all-share bid for U.S. rival Newmont has a shred of financial logic from putting together neighbouring mines in Nevada. That's buried, though, beneath opportunism and hubris. The slim uplift for Newmont shareholders further dulls the deal's prospects.
Fonte: Breakingviews - 🏆 470. / 51 Leggi di più »