Newmont to pay $1.95B for Nevada Gold Mines deal
Newmont will pay Barrick $1.95B in cash to combine Newmont’s Mike and Fiberline with Barrick’s Fourmile into Nevada Gold Mines. RBC Capital raised its NEM price target to $155 from $135.
95B in cash to combine Newmont’s Mike and Fiberline with Barrick’s Fourmile into Nevada Gold Mines, creating about 100M oz gold-equivalent. RBC Capital lifted its price target on NEM to $155 from $135.