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2/22/2019, 3:22 PM (Source: TeleTrader)
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Barrick Gold says no decision on Newmont merger

World's largest gold mining company Barrick Gold Corp. stated on Friday that it has considered acquiring United States-based Newmont Mining Corp., partially confirming recent media reports. It did not, however, mention the value of the transaction considered, reportedly around $19 billion in stock.

"No decision has been taken at this time," the company concluded.

Citing industry insiders familiar with the matter, Canada's the Globe and Mail wrote earlier that Barrick wanted to sell Newmont's Australian assets to local competitor Newcrest Mining, but keep its mines in Nevada and Africa.

Barrick's shares were around 0.5% lower in premarket trading on Wall Street, while Newmont's added 1.75%.

Breaking the News / NI