Barrick goes after Newmont to create $42 billion gold giant

Barrick goes after Newmont to create $42 billion gold giant

Canadian company says merger would cut $7 billion in costs
A photo of a worker’s chest patch at Barrick’s Ruby Hill Mine, outside Eureka, Nevada. Barrick Gold will try to acquire Newmont Mining Corp. in an all-stock deal that would create a mining behemoth worth about $42 billion. Newmont, based in Colorado, has shunned the Canadian miner so far.

Barrick goes after Newmont to create $42 billion gold giant

A photo of a worker’s chest patch at Barrick’s Ruby Hill Mine, outside Eureka, Nevada. Barrick Gold will try to acquire Newmont Mining Corp. in an all-stock deal that would create a mining behemoth worth about $42 billion. Newmont, based in Colorado, has shunned the Canadian miner so far.
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