The Toronto-based gold miner said in a brief statement that it has considered an all-share, zero-premium transaction with Colorado-based Newmont — a move that would combine two of the world’s largest gold producers. TORONTO - Barrick Gold Corp. confirmed Friday that it has “reviewed the opportunity” to merge with rival Newmont Mining Corp. but that no decision has been made. Colin Cieszynski, chief market strategist at SIA Wealth Management, said that the report sheds light on the overall gold sector. Barrick shares were worth about C$14.30 when it announced the Randgold deal on Sept. 24 but have since risen about 22 per cent, outpacing the S&P/TSX composite index over the same period. At mid-day Friday, Barrick shares were down less than a per cent at C$17.44 and Goldcorp was down two per cent, at $14.90, on the Toronto Stock Exchange.

Source: thestar February 22, 2019 14:15 UTC