|Bid||17.11 x 0|
|Ask||17.14 x 0|
|Day's Range||17.05 - 17.60|
|52 Week Range||12.54 - 18.99|
|Beta (3Y Monthly)||-0.42|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 12, 2019 - Feb 18, 2019|
|Forward Dividend & Yield||0.37 (2.17%)|
|1y Target Est||13.81|
TORONTO—Barrick Gold Corp. said it is sizing up Newmont Mining Corp. for a possible deal that would unite the world’s two biggest gold producers and cap a flurry of big acquisitions in their industry. Barrick, with a market value of almost $23 billion, said on Friday it is considering an all-stock, no-premium transaction to merge with Newmont, which is valued at about $19 billion. The Toronto-based company hasn’t yet initiated discussions with Newmont, two people familiar with the matter said.
Shares of Newmont rose 3 percent to settle at $36.48 in New York, valuing the company at more than $19 billion. Barrick slipped 2.4 percent in Toronto, while Goldcorp Inc., which Newmont agreed to acquire in January, fell 4 percent. Barrick has reviewed the opportunity to merge with Newmont in an “all-share nil premium transaction,” but no decision has been taken, the company said in a statement Friday.
MELBOURNE/HOUSTON (Reuters) - Canada's Barrick Gold Corp said on Friday it considered making an all-stock bid for U.S. rival Newmont Mining Corp, a deal that would create a monolith in the global gold sector and likely push smaller peers to start buying each other. Barrick, already the world's largest gold miner, said its contemplated proposal did not offer any premium to Newmont's shareholders and that no decision had been taken so far. Newmont's shares closed Friday up 3 percent at $36.48 in New York trading.
(Reuters) - Newmont Mining Corp said on Friday it was aware that Canadian rival Barrick Gold Corp said it had studied an unsolicited buyout proposal for the company, a deal that would, if consummated, ...
Gold M&A buzz continues, with Barrick Gold confirming it's mulling a takeover bid for Newmont Mining.
Thornton is executive chairman at Barrick Gold Corp., the world’s second-largest gold producer. On Friday, Barrick confirmed it is considering merging with Newmont Mining Corp., the biggest producer, in an all-share zero premium deal that would be the largest ever pulled off in the gold mining industry. While Barrick said no decision has been made, such a deal would serve as an enormous victory for Thornton, an ex-Goldman Sachs banker whose appointment to the top Barrick position in 2014 without mining experience was viewed skeptically within the tight-knit Canadian mining community.
The merger reports followed a stronger-than-expected fourth quarter earnings report for Newmont late Thursday, which saw the miner post a near 8% increasing in gold production over the three months ending in December that helped it earn $214 million, or 40 cents a share, topping the FactSet consensus 25 cents a share. "We're going through a very detailed process between (Newmont President Tom Palmer) and I with a number of meetings with the Goldcorp team and with our own team as we go through that process," CEO Gary Goldberg told investors on a conference call late Thursday before reports of the Barrick interest surfaced.
Canadian gold miner Barrick Gold Corp said on Friday it has reviewed the possibility of a merger with rival Newmont Mining Corp in an all-stock transaction. The company said no decision had been taken ...
TORONTO, Feb. 22, 2019 -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) today confirmed that the Company has reviewed the opportunity to merge with Newmont Mining Corporation.
U.S. stock futures rose on Friday, Feb. 22, and global stocks traded higher as investors continued to monitor the U.S.-China trade talks while navigating weaker-than-expected data in some of the world's biggest economies. Contracts tied to the Dow Jones Industrial Average rose 128 points, futures for the S&P 500 gained 12 points, and Nasdaq futures were up 39.75 points. China's vice premier, Liu He, is scheduled to meet with Donald Trump in the Oval Office later Friday as this week's round of trade talks winds down in Washington.
The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy. THE GLOBE AND MAIL ** Barrick Gold Corp is mulling a takeover ...
It hasn’t even been two months since Barrick Gold Corp. and Randgold Resources Ltd. announced that their merger was “consummated,” and already Executive Chairman John Thornton appears to be checking out an old flame. Barrick has in recent months been studying a takeover bid for Newmont Mining Corp., possibly in combination with Newcrest Mining Ltd., people familiar with the matter told Ed Hammond, Danielle Bochove, Aaron Kirchfeld and Ruth David of Bloomberg News Friday. Newmont announced its own tie-up with Goldcorp Inc. last month, which you’d have expected to change the calculus somewhat.
Canada's Barrick Gold Corp has studied a bid for Newmont Mining Corp as it looks for ways to boost production, Bloomberg reported https://www.bloomberg.com/news/articles/2019-02-22/barrick-gold-said-to-have-studied-offer-for-newmont-mining?cmpid%3D=socialflow-twitter-canada&utm_campaign=socialflow-organic&utm_content=canada&utm_source=twitter&utm_medium=social ...
Kirkland Lake Gold stock surged after the firm guided upward on production growth ahead of earnings. Rival Newmont Mining edged up after an earnings beat.
U.S. gold miner Newmont Mining Corp beat analysts' estimates for quarterly profit on Thursday, boosted by higher gold production in its Colorado and Ghana mines and lower costs. The company is set to overtake ...
The $11 billion VanEck Vectors Gold Miners ETF, ticker GDX, saw trading volume spike to its highest in two months Tuesday. GDX is the largest materials ETF and tracks corporations that are primarily involved in mining gold and silver. The precious metal offers a potential hedge against global political uncertainties like the U.S.-China trade war.
The news sent London-listed shares in Acacia, which is 63.9 percent owned by Barrick, up 6 percent to their highest since October 2017, when an initial framework agreement was announced. Barrick's announcement confirms the 2017 deal which called for the creation of a local firm in Tanzania to manage Acacia's assets, a 50-50 split of economic benefits and a $300 million payment to resolve all outstanding tax claims in the East African country. Acacia, which was not allowed to negotiate for itself, and Tanzania's government have been locked in a prolonged conflict with the government tearing up mining contracts, hiking taxes and royalties, and banning exports of raw minerals.
Barrick Gold Corporation (GOLD)(ABX.TO) is reviewing a range of new exploration opportunities and re-evaluating its existing operations and projects in Chile, the Company’s new president and chief executive officer Mark Bristow said here today. Speaking after a meeting with Minister of Mining Baldo Prokurica, Bristow said Barrick’s Chilean assets were an important part of its global portfolio and noted that the Company has recently approved an investment to increase productivity at its jointly owned Zaldívar copper mine. Over the past 10 years, Barrick has spent some $8 billion in Chile on exploration, development, royalties and taxes, wages, and payments to local suppliers.
The Toronto-based miner’s long-term license to operate its mine in Papua New Guinea is due for renewal this year. The largest gold miner may already be trying to get ahead of that tide in PNG. Chief Executive Officer Mark Bristow met last week with government officials about extending its license for the Porgera mine, Barrick’s joint venture with Zijin Mining Group Co.
Gains in material companies pulled higher Canada's main stock index on Wednesday, as gold prices rose on hopes of a trade deal between the United States and China. * Investors are focused on the latest developments in the talks in Washington, and President Donald Trump on Tuesday suggested he was open to extending the deadline to complete negotiations. * The materials sector, which includes precious and base metals miners and fertilizer companies, added 0.2 percent as gold futures rose 0.1 percent to $1,341.9 an ounce.
Futures pointed to a flat opening for Canada's main stock index on Wednesday as investors assessed the latest developments in the fresh round of U.S.-China trade talks in Washington. U.S. President Donald ...
Canadian miner Barrick Gold on Wednesday outlined a plan to settle disputes between its Acacia Mining unit and Tanzania's government, which includes a $300 million payment to resolve tax claims in the East African country. London-listed Acacia and Tanzania's government have engaged in a prolonged dispute over tax evasion, breach of environmental regulations and other issues. Barrick, which owns a 63.9 percent stake in Acacia, also proposed to create a local operating company in Tanzania and share economic benefits from Acacia's operations with the Tanzanian government on a 50-50 basis.
Barrick Gold Corp on Wednesday outlined a proposal to settle disputes between its Acacia Mining unit and Tanzania's government, that includes a $300 million payment by the Canadian miner to settle tax ...