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.In July, Barrick Chairman John Thornton said the miner remained open to a tie-up with Newmont but made it clear that a deal was not his current focus. On Thursday a source familiar with the company said Barrick's view had not changed since then.This year's talks were the third time in a seven-year period that Barrick and Newmont seriously contemplated a merger. The companies have large and overlapping operations in Nevada.
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 0.71% or $0.13/share to $18.49. 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 6634978.
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 0.65% or $0.13/share to $20.18. 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 1690822.
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 0.38% or $0.1/share to $26.18. 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 5330923.
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