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Breakingviews - Barrick gamble is one part logic, two parts folly
SINGAPORE (Reuters Breakingviews) - Barrick’s latest gamble looks like fool’s gold. The Canadian giant is eyeing a bid for its $19 billion U.S. rival Newmont Mining, the Globe and Mail reported on Friday, a tie-up which has been mooted before and could yield synergies. But the buyer has just acquired Randgold Resources, the target is buying Goldcorp, and investors in the sector are wary of scale for the sake of it.
SINGAPORE (Reuters Breakingviews) - Barrick’s latest gamble looks like fool’s gold. The Canadian giant is eyeing a bid for its $19 billion U.S. rival Newmont Mining, the Globe and Mail reported on Friday, a tie-up which has been mooted before and could yield synergies. But the buyer has just acquired Randgold Resources, the target is buying Goldcorp, and investors in the sector are wary of scale for the sake of it.
Issue #3
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- Reported
- Mar 2, 2019