Loading ...Newmont said to eye deal for Barrick’s prized Nevada assets
Newmont Corp. (NYSE: NEM) is studying a potential deal to gain control of Canadian rival Barrick Mining’s (TSE: ABX) prized Nevada gold assets, people with knowledge of the matter said.
Denver-based Newmont has a minority stake in a Nevada gold mining joint venture with Barrick, which is operated and majority owned by Barrick. Newmont is in the early stages of considering various transaction structures that would allow it to gain full ownership of the assets, the people said, asking not to be identified because the information is private.