News

Newmont says aware of Barrick’s buyout talk but will not comment

(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, bring together two of the world’s leading gold producers.

Newmont spokesman Omar Jabara said in a statement to Reuters the company would not speculate on Barrick’s intentions and that Newmont remains confident the best path forward is to close its $10 billion offer for smaller rival Goldcorp Inc.

Reporting by Ernest Scheyder; Editing by Tom Brown

http://feeds.reuters.com/~r/reuters/businessNews/~3/Vz0emk-bS_Y/newmont-says-aware-of-barricks-buyout-talk-but-will-not-comment-idUSKCN1QB2L5

Tagged ,