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Thursday, August 7, 2014

Newmont CEO says open to Barrick Gold merger talks, (NYSE: ABX), (TSE: ABX.TO), (NYSE: NEM)

Newmont Mining Corp Chief Executive Gary Goldberg said on Thursday he was open to resuming discussions about a potential merger with Barrick Gold Corp but had not heard from the company since April. Merger talks between the No.1 and No.3 global gold miners descended into acrimony in April, with Barrick and Newmont publicly accusing each other of scuppering a deal favoured by many investors.

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 1.83% or $0.33/share to $18.36. In the past year, the shares have traded as low as $15.26 and as high as $21.45. On average, 9110350 shares of ABX exchange hands on a given day and today's volume is recorded at 8441767.

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 1.37% or $0.27/share to $20.05. In the past year, the shares have traded as low as $16.19 and as high as $23.78. On average, 2287510 shares of ABX.TO exchange hands on a given day and today's volume is recorded at 1889514.

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 1.16% or $0.3/share to $26.08. In the past year, the shares have traded as low as $20.79 and as high as $34.27. On average, 5886200 shares of NEM exchange hands on a given day and today's volume is recorded at 8999729.



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