Newmont and Barrick Agree to Nevada Joint Venture, Ending Barrick’s Unsolicited Bid
Following Newmont’s rejection of Barrick’s unsolicited acquisition and proposed alternative for a joint venture of their Nevada assets on March 4, the two senior gold producers formally agreed to and announced their joint venture agreement. Based on consensus net asset values for the contributed assets, Barrick will own 61.5% of the joint venture while Newmont will own 38.5%. The difference in ownership from Newmont’s initially proposed ownership split of 55% Barrick and 45% Newmont stems from t...Goldcorp is a gold producer engaged in the operation, exploration, development and acquisition of precious metal properties in Canada, the United States, Mexico, and Central and South America. Co.'s metal properties consist of gold, silver, copper, lead and zinc.
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