Newmont (NEM) is in the early stages of studying potential transaction structures that would give it full ownership of Barrick Gold’s (B) Nevada gold assets, Julian Luk, Dinesh Nair, Paula Sambo and Jacob Lorinc of Bloomberg report, citing people with knowledge of the matter. Newmont has a minority stake in a Nevada gold mining joint venture with Barrick, which is operated and majority owned by Barrick. Newmont could consider a bid for Barrick’s stake in the venture as well as a full takeover of the company followed by divestments of assets it views as non-core, sources told Bloomberg. Newmont is less interested in Barrick’s African operations and Reko Diq copper-gold project in Pakistan, some of the people said. It’s unclear how receptive Barrick would be to any overtures, Bloomberg added. Shares of Barrick are up 3% to $32.90 following the report.
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