Newmont Eyes Deal for Barrick's Nevada Assets
Newmont is considering a potential deal to gain control of Barrick Mining Corp.'s prized Nevada gold assets, according to people with knowledge of the matter.
Barrick is seen as vulnerable after announcing the surprise departure of CEO Mark Bristow in September.
Newmont has a minority stake in a Nevada gold mining joint venture with Barrick, which is operated and majority owned by Barrick.
The company is in the early stages of considering various transaction structures to gain full ownership of the assets.
No official statement has been made by Newmont or Barrick regarding the potential deal.
Author's summary: Newmont considers acquiring Barrick's Nevada gold assets.