Long-time rivals Barrick Gold Corp and Newmont Mining Corp renewed their animosi...
HOLLYWOOD, Fla. - Long-time rivals Barrick Gold Corp and Newmont Mining Corp renewed their animosity on Monday with their chief executives trading insults after Barrick launched an $18 billion hostile bid for the U.S. company, presaging an aggressive battle.
Goldberg, for his part, told Reuters that Bristow’s “credibility and experience” and performance at Randgold, which he led until last month when it was acquired by Barrick, was “anemic.” Barrick said there is more logic in a tie-up between the two than in Newmont’s planned $10 billion merger with Goldcorp.
“I drive trucks past ... processing plants in Nevada, because Gary won’t share with me,” Bristow said. David Neuhauser of Livermore Partners, which holds Barrick shares, said the no-premium bid could “over time suggest a premium multiple, given the long life and cash-generating abilities” of the combined assets.
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