Newmont CEO Goldberg wonders how Bristow could possibly manage all of Newmont’s portfolio in addition to Barrick’s newly expanded one
Toronto-based Barrick Gold Corp. executives used to claim that unlike other companies in the precious metals industry, they would never make acquisitions to grow their footprint and size.But on Monday after proposing a nearly $18-billion takeover of Colorado-based Newmont Mining Corp.
Christopher Goodney/Bloomberg He questioned how Bristow, who only joined Barrick in January, after his company Randgold Resources Inc. was acquired for US$6 billion, could possibly manage all of Newmont’s portfolio in addition to Barrick’s newly enlarged portfolio.“These guys just finished making an acquisition and are just starting the integration,” said Goldberg.
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