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Nevada synergies key for Barrick-Newmont deal

Value creation in Nevada, USA is the lynchpin for Barrick Gold’s (TSX:ABX) proposed no-premium US$17.8 billion all share acquisition of Newmont Mining (NYSE:NEM), Barrick president and CEO Mark Bristow said after the dramatic merger plan announcement.

Nevada synergies key for Barrick-Newmont deal Nevada synergies key for Barrick-Newmont deal Nevada synergies key for Barrick-Newmont deal Nevada synergies key for Barrick-Newmont deal Nevada synergies key for Barrick-Newmont deal

Mark Bristow said dealing with Newmont at Turquoise Ridge had left a sour taste

He said some US$4.7 billion of $7 billion in synergies would accrue in the Silver State where both companies had significant operations.