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Tuesday, September 16, 2014

Gold miner Newmont CEO says focused on business, not Barrick, (NYSE: ABX), (TSE: ABX.TO), (NYSE: NEM)

There is "nothing" in the works between Newmont Mining Corp and Barrick Gold Corp , Newmont's chief executive said on Tuesday, six months after talks to merge the world's two biggest gold producers foundered. Newmont CEO Gary Goldberg said he has not held any merger discussions with Barrick since April and that Denver-based Newmont was focused on other things."What we are doing from our side is continuing to run our operations, deliver at or better than what we have put out for guidance and work on developing our own portfolio," he told Reuters in an interview at the Denver Gold Forum, an industry event.Last month, Goldberg told reporters in Melbourne that he was open to resuming discussions about a potential merger with Barrick."We are always open to consider opportunities for value, but there is nothing in that area going on," Goldberg said on Tuesday.

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 0.79% or $0.13/share to $16.57. In the past year, the shares have traded as low as $15.26 and as high as $21.45. On average, 9005220 shares of ABX exchange hands on a given day and today's volume is recorded at 9643876.

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 fell by 0.05% or $-0.01/share to $18.18. In the past year, the shares have traded as low as $16.32 and as high as $23.78. On average, 2123920 shares of ABX.TO exchange hands on a given day and today's volume is recorded at 2414162.

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 0.08% or $0.02/share to $25.04. In the past year, the shares have traded as low as $20.79 and as high as $31.12. On average, 6041940 shares of NEM exchange hands on a given day and today's volume is recorded at 7402605.



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