Newmont Rejects Barrick Acquisition, Proposes Joint Venture Instead

As expected, Newmont Mining this morning rejected last week's offer of an $18 billion all-stock merger with rival Barrick.

Published March 4, 2019, 9:40am ET · 1 min read

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A close-up, slightly angled view of many uniformly arranged, shiny gold bars extending into the background. Each bar is marked with "FINE GOLD," "999.9," and "NET WT 1000g," reflecting warm light and creating a sense of depth.
Rows of gleaming gold bars represent the escalating interest in precious metals, with central banks leading the charge and investors increasingly recognizing gold's potential as it targets $5,000 an ounce. © Rost-9D / Getty Images

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Paul Ausick

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

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