Barrick Falls Most Since March as Newmont Deal Value Disappoints
Deals·1 article across 1 outlet
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Barrick Mining Corp. shares slid, dropping the most since March, after investors were disappointed by the value of a deal the miner struck to hand rival Newmont Corp. a stake in a prized Nevada gold project in exchange for its support for Barrick’s planned listing of its North American assets.
The disappointing deal has raised concerns among investors regarding Barrick's strategic direction and the potential impact on its asset valuation.
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“Barrick Mining Corp. shares slid, dropping the most since March, after investors were disappointed by the value of a deal the miner struck to hand rival Newmont Corp. a stake in a prized Nevada gold project in exchange for its support for Barrick’s planned listing of its North American assets.”
Bloomberg — Barrick Falls Most Since March as Newmont Deal Value Disappoints