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Analysts dismiss Barrick bid

Exposure to some of the most difficult jurisdictions in the world for miners, a lack of detail on proposed synergies, and concerns over the administrative burden of bedding in two major transactions in 12 months have led several analysts to the conclusion Newmont Mining investors would do well to reject Barrick Gold’s takeover bid.

Analysts dismiss Barrick bid Analysts dismiss Barrick bid Analysts dismiss Barrick bid Analysts dismiss Barrick bid Analysts dismiss Barrick bid

Barrick needs to do more to convince analysts of the synergistic benefits of combining the Nevada asset hub

Barrick surprised the market late last week with news it would bid for Newmont, with that bid revealing itself on Monday as an all-share, US$17.