04:35:34 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Barrick Gold Corp
Symbol ABX
Shares Issued 1,752,668,983
Close 2019-08-06 C$ 23.32
Market Cap C$ 40,872,240,684
Recent Sedar Documents

Globe says Newmont skews first half acquisition figures

2019-08-06 07:21 ET - In the News

See In the News (C-NGT) Newmont Goldcorp Corp

The Globe and Mail reports in its Tuesday edition deals by foreign buyers announced in the first half of 2019 topped $39.3-billion, only slightly less than the $40.2-billion worth of deals in all of 2018, according to figures from Torys LLP. The Globe's Jeffrey Jones writes that Cornell Wright, co-head of Torys's mergers and acquisitions practice, says it is shaping up to be a strong year, though it is too early to predict a record. Mr. Wright says the first-half figures were skewed somewhat by one very large transaction: Denver-based Newmont Mining's $10-billion takeover of Vancouver's Goldcorp. That deal proceeded after Barrick Gold decided in March against a plan to acquire Newmont -- now called Newmont Goldcorp. Mr. Wright says: "M&A is driven principally by confidence and confidence remains high. You've got a good macro environment, and you've got great targets and great opportunities in Canada." The highest dollar figure for inbound deals in this decade was $54.4-billion in 2012. American interest in Canadian targets is expected to remain strong, owing partly to favourable currency exchange rates. Transactions of more than $1-billion have nearly reached the number that occurred in all of 2018.

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