The disagreements around the spin-out of certain assets that had snagged merger talks between Barrick Gold Corp and its rival, Newmont Mining Corp, have been resolved but talks are at a standstill for now, said three sources familiar with the matter on Wednesday. There have been some talks between representatives of both companies since discussions broke down last Thursday, but high-level talks between executives from both sides have yet to resume, said the sources, who asked not to be named due to the sensitive nature of the discussions.The merger talks between the two gold mining giants around a deal hit a snag last week, but sources had told Reuters at the time that the two sides remained keen to reach a deal and that talks were likely to resume.Barrick and Newmont failed to comment on the talks.
Barrick Gold Corporation (Barrick) is engaged in the production and sale of gold, as well as related activities, such as exploration and mine development. Shares of ABX traded higher by 1.48% or $0.26/share to $17.81. In the past year, the shares have traded as low as $13.43 and as high as $21.70. On average, 12949100 shares of ABX exchange hands on a given day and today's volume is recorded at 12327036.
Barrick Gold Corporation (Barrick) is engaged in the production and sale of gold, as well as related activities, such as exploration and mine development. Shares of ABX traded higher by 1.14% or $0.22/share to $19.59. In the past year, the shares have traded as low as $14.22 and as high as $23.78. On average, 3147090 shares of ABX.TO exchange hands on a given day and today's volume is recorded at 2584246.
Newmont Mining Corporation, is primarily a gold producer with operations and/or assets in the United States, Australia, Peru, Indonesia, Ghana, New Zealand and Mexico. Shares of NEM traded higher by 3.51% or $0.88/share to $25.92. In the past year, the shares have traded as low as $20.79 and as high as $35.44. On average, 10256700 shares of NEM exchange hands on a given day and today's volume is recorded at 12694818.
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