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Stock impact report

Canada's Barrick Mining explores IPO of North American assets [BNN Bloomberg (Canada)]

Newmont Corporation (NEM) 
Last newmont corporation earnings: 2/20 06:55 am Check Earnings Report
Company Research Source: BNN Bloomberg
U.S.-listed shares of the Canadian miner rose nearly four per cent in premarket trading. A split would reverse Barrick's 2019 merger with Randgold Resources, and comes as investors pressure the miner to use a historic rally in gold prices to boost returns, while shedding riskier assets in Africa, Papa New Guinea and Pakistan's Reko Diq. Gold prices have hit record highs this year on expectations of lower interest rates and its rising appeal as a safe-haven asset. Reuters had reported in November Barrick was considering splitting into Africa- and North America-focused entities, citing sources. The new entity, which is headed for the IPO, would comprise of Barrick's joint venture interests in Nevada Gold Mines, and Pueblo Viejo in Dominican Republic, as well as the Fourmile gold discovery. Barrick jointly owns Nevada Gold Mines, the world's largest gold-producing complex, with rival Newmont and is also looking to develop the Fourmile gold mine in the U.S. state. Fourmile mine Show less Read more
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