Newmont hits back at Barrick management as it rejects hostile bid Newmont chief executive Gary Goldberg has hit out at Barrick’s management for lacking global experience as his company rejected the miner’s hostile $18bn (£14bn) offer. Read more: Barrick and Newmont bosses exchange insults after hostile bid The offer came just months after Barrick completed its $6bn acquisition of Randgold Resources, installing the target’s chief executive Mark [...]
‘Loser’: Gold bosses locked in war of words after Barrick bids for Newmont The bosses at two of the world’s biggest gold miners have been trading insults after a proposed mega-merger which would make them colleagues. Barrick Gold chief executive Mark Bristow, who yesterday launched an $18bn (£14bn) hostile bid for Newmont, told Reuters his counterpart at the company is a “loser”. Read more: Barrick Gold launches $18bn [...]
Acquisitive Barrick Gold flexes muscles again with $18bn hostile bid for Newmont Two global gold miners could merge this year to form what would undisputedly be the world’s largest producer of the precious metal, amid increased consolidation in the sector. Giant Barrick Gold has launched a hostile bid to buy rival Newmont for a share-only deal valued at around $18bn (£14bn). Read more: Shareholders at Randgold Resources back [...]
Shareholders at Randgold Resources vote to back merger with Barrick Gold November 7, 2018 Shareholders at Randgold Resources overwhelmingly backed the miners proposed $6bn (£4.6bn) merger with Barrick Gold today. At an extraordinary general meeting in Jersey today 95 per cent of voters backed the tie-up which has been agreed in September, clearing the required hurdle of 75 per cent. On Tuesday Randgold reported a 25 per cent profit [...]
Gold rush: Barrick Gold to merge with Randgold in $18.3bn deal September 24, 2018 Two of the world’s largest gold producers are set to merge as Canada’s Barrick Gold said it has agreed to buy London-listed Randgold Resources in a shock $18bn (£13.7bn) deal. In plans to create what Barrick Gold and Randgold Resources hailed as an “industry-leading gold company”, the companies will be hoping to cement their [...]
Randgold increases dividend despite fall in profits, hints an acquisitions on the horizon February 9, 2015 The figures Randgold Resources, the South African gold miner, suffered a 17 per cent drop in annual profits in the year to December, despite gold production for the year breaching the 1m ounces mark. The drop was mainly the result of a falling gold price, although the number of ounces sold also dropped by four [...]