Weeks after speculation mounted over an upcoming merger, reports say the world’s largest gold miners Barrick Gold and Newmont Mining have decided to end talks without striking a deal.
Top gold producer Barrick, based in Canada, will not merge with US-based Newmont after the latter ended discussing in favor of remaining independent. Reports say the companies had been discussing a possible deal on-and-off for more than two decades.
Sources reported April 19 that the companies had estimated cost savings of about $1 billion with a merger.
Full content: Bloomberg
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