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Barrick Gold CEO: Newmont merger would deliver 'real value' in Nevada

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Jim Cramer talks with Barrick Gold CEO Mark Bristow about his company's bid for Newmont Mining.

Barrick Gold CEO Mark Bristow told CNBC on Thursday that his company and Newmont Mining could more effectively boost gold mining in Nevada as a single operator, instead of as a joint venture.

"There's been debate about the Nevada joint venture. That is a large part of the missing billions," Bristow said in an interview with "Mad Money's" Jim Cramer."Maybe he's being a little defensive on the bigger deal, but what he has said to the market and what we are engaged with right now is can we find a way to deliver real value out of Nevada where all this conversation started and then we can worry about the rest later.

 

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Nevada Is the Jackpot of a Barrick-Newmont MergerBarrick Gold’s bid to acquire rival gold producer Newmont Mining centers on a plan to combine portfolios and operations in the state of Nevada.
Source: WSJ - 🏆 98. / 63 Read more »