Barrick Gold Corp. favors a partnership with rival Newmont Mining Corp. to combine ore processing operations at some gold mines in Nevada. Barrick Chief Executive Officer Mark Bristow said in an interview Wednesday that the two companies haven't yet discussed a joint venture, but “it makes sense to work it out" with Newmont as part of a broader effort to reduce processing costs. Newmont agreed last month to acquire Goldcorp Inc. in a $10 billion all stock deal that will create the world’s largest gold miner. ... … [Read more...] about New Barrick Gold CEO Says Joining With Rival at Some Mines Would Make Sense
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Barrick Gold Retreats From Digital Reinvention
Barrick Gold Corp., the world’s largest gold miner, is selling a research and development company it owns and is cutting staff hired to lead what executives had called a digital reinvention, championed by Executive Chairman John Thornton, according to people familiar with the matter. The move comes shortly after the company agreed to buy Randgold Resources Ltd. for $6 billion in an all-share merger—a move that would solidify Barrick as the world’s largest gold producer by output.... … [Read more...] about Barrick Gold Retreats From Digital Reinvention
New Research: Key Drivers of Growth for Alkermes plc, PulteGroup, Las Vegas Sands, Barrick Gold, Avangrid, and Fomento Economico Mexicano S.A.B. de C.V — Factors of Influence, Major Initiatives and Sustained Production
NEW YORK, Oct. 31, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors, traders, and shareholders of Alkermes plc (NASDAQ:ALKS), PulteGroup, Inc. (NYSE:PHM), Las Vegas Sands Corp. (NYSE:LVS), Barrick Gold Corporation (NYSE:ABX), Avangrid, Inc. (NYSE:AGR), and Fomento Economico Mexicano S.A.B. de C.V. (NYSE:FMX), including updated fundamental summaries, consolidated fiscal reporting, and fully-qualified certified analyst research. /EIN News/ -- Complimentary Access: Research Reports Full copies of recently published reports are available to readers at the links below. ALKS DOWNLOAD: http://MarketSourceResearch.com/register/?so=ALKS http://MarketSourceResearch.com/register/?so=PHM http://MarketSourceResearch.com/register/?so=LVS http://MarketSourceResearch.com/register/?so=ABX http://MarketSourceResearch.com/register/?so=AGR … [Read more...] about New Research: Key Drivers of Growth for Alkermes plc, PulteGroup, Las Vegas Sands, Barrick Gold, Avangrid, and Fomento Economico Mexicano S.A.B. de C.V — Factors of Influence, Major Initiatives and Sustained Production
Canada’s Barrick Gold to buy Randgold Resources in $18.3 billion deal
By Zandi Shabalala, Justin George Varghese and Clara Denina LONDON (Reuters) - Canada's Barrick Gold <ABX.TO> has agreed to buy Randgold Resources Ltd <RRS.L> in a $18.3 billion share deal to create the world's largest gold company by value and output in an industry under investor pressure to put capital to good use.The new Barrick company, which will be listed in New York and Toronto, will own five of the world's 10 lowest cost gold mines and will be valued at $24 billion including debt.The deal marks the biggest transaction in years in the gold mining industry, where companies have come under fire from investors for poorly managing capital, forcing them to focus on costs while dampening enthusiasm for acquisitions. "Randgold has the agility and swift-footedness of a younger and smaller company, much like Barrick in its early years while Barrick has the infrastructure and global reach of a large corporate company," Barrick Chairman John Thornton said in a conference … [Read more...] about Canada’s Barrick Gold to buy Randgold Resources in $18.3 billion deal
Barrick Gold President Departs to Lead AngloGold Ashanti
Toronto—Barrick Gold Corp. said its president, Kelvin Dushnisky, is leaving the company to join AngloGold Ashanti Ltd. as its chief executive officer. Barrick hasn’t named a new president. Mr. Dushnisky joined the Toronto-based gold miner in 2002 and has been president since 2015. Barrick is the world’s largest gold producer, and Mr. Dushnisky’s... … [Read more...] about Barrick Gold President Departs to Lead AngloGold Ashanti