Newmont Mining Corp has terminated merger talks with Barrick Gold Corp , Barrick said on Monday. In a brief statement, Barrick said that although it believes that a merger of the two gold miners would have been in the best interests of shareholders, Newmont's board has determined that the interests of Newmont's shareholders are best served by remaining independent.
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 2.4% or $0.42/share to $17.89. In the past year, the shares have traded as low as $13.43 and as high as $21.70. On average, 12680600 shares of ABX exchange hands on a given day and today's volume is recorded at 10713561.
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 2.55% or $0.49/share to $19.74. In the past year, the shares have traded as low as $14.22 and as high as $23.78. On average, 3141600 shares of ABX.TO exchange hands on a given day and today's volume is recorded at 3670635.
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 3.77% or $0.96/share to $26.45. In the past year, the shares have traded as low as $20.79 and as high as $35.44. On average, 10290500 shares of NEM exchange hands on a given day and today's volume is recorded at 11633431.
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