The Financial Post reports in its Tuesday edition Newmont Mining says it will consider acquisitions as well as the expansion of existing operations. A Bloomberg dispatch to the Post says like some of its biggest competitors, Newmont is focusing on its most efficient mines following a decline in the gold price. The company has sold about $1.4-billion (U.S.) of assets in the past two years and is building a mine in Suriname. Newmont will not rule out buying low-cost and long-life mines in safe jurisdictions. "We're always looking to improve our portfolio," chief executive officer Gary Goldberg told Bloomberg in Hollywood, Fla., where he was attending a mining conference. "We've got a great organic pipeline, but also it doesn't hurt to just look around." Mr. Goldberg said the 50 per cent of the Kalgoorlie Super Pit mine that Newmont does not own would "fit in" with some of his acquisition criteria. Barrick is the other Super Pit owner. That stake would be Barrick's last remaining Australian asset if it offloads the Cowal mine. Merger talks between Barrick and Newmont broke down in April. Asked about the prospects for a resumption of the negotiations, the Newmont CEO said his company is focused on its own operations.