Barrick Mining And Newmont Corporation Enter Agreement To Include Barrick’s Fourmile And Newmont’s Fiberline And Mike Developments In The Nevada Gold Mines JV; Deal Includes $1.95B From Newmont To Barrick To Reflect Contribution Of Excluded Properties Into The JV
Barrick Mining And Newmont Corporation Enter Agreement To Include Barrick’s Fourmile And Newmont’s Fiberline And Mike Developments In The Nevada Gold Mines JVBarrick Mining Corporation (TSX:ABX, NYSE:B)
Two big gold mining companies are combining some of their Nevada mines into one shared business, and Newmont is paying Barrick $1.95 billion because Barrick's mines are worth more. When companies merge parts of their business like this, watch if they can work together smoothly and dig up gold more cheaply.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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