1. Most Discussed
  2. Gainers & Losers
NEM $5.17

very big - and getting bigger ....

  1. dub

    27,826 Posts.

    If you have an interest in Newmont,


    Barrick Gold May Receive Bid From Rival Newmont, Telegraph Says
    March 28 (Bloomberg) -- Barrick Gold Corp., the world's third- biggest gold producer, may receive a takeover offer from larger rival Newmont Mining Corp., the Sunday Telegraph reported, without saying where it got the information.

    A five-year agreement barring a transaction is coming to an end, the paper said. The combination would create the largest gold mining company with reserves of 177 million ounces, the paper said. It also may lead to pretax cost savings of $300 million, the paper said citing analysts at National Bank Financial of Canada.

    Barrick Chief Executive Greg Wilkins told the paper he is not interested in using the company's stock in a transaction and would ``strongly oppose'' a hostile bid.

    Barrick, based in Toronto, is valued at C$16 billion ($12 billion) and Newmont at C$20.5 billion.

    (The Daily Telegraph 03-28, business 2)

    To contact the reporter for this story:
    Samantha Lafferty in London, [email protected]


    (not currently holding NEM - 'tho the charts look promising!)

Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.


Thank you for visiting HotCopper

We have detected that you are running ad blocking software.

HotCopper relies on revenue generated from advertisers. Kindly disable your ad blocking software to return to the HotCopper website.

I understand, I have disabled my ad blocker. Let me in!

Need help? Click here for support.