DGL - Barrick And Newmont Reached An Interesting Deal
In hindsight, it seems like Mark Bristow used the opening provided by the Newmont ([[NEM]])-Goldcorp ([[GG]]) merger to force a Barrick ([[GOLD]])-controlled joint venture. The last couple of months have been heated in the gold industry ([[GLD]]), with the Barrick-Rangold merger taking the spotlight, followed by the Newmont-Goldcorp deal.
Once the Newmont-Goldcorp deal was announced, Barrick took no time to make a counterbid for Newmont. However, now it seems like the Barrick-controlled joint venture in Nevada was the real target for Barrick. The deal implies a net present value of $5 billion in savings during