Barrick to buy Newmont...........

[Mega]

What do we think?
Mike

[touchring]

Re: Barrick to buy Newmont...........

What do we think?
Mike

What I read on the Internet is that Barrick production yields are falling, as with all major gold miners. Since there is a lot of fixed overheads, as production falls, the unit cost (AISC) increases so they need to buy (or rather merge) with other gold mining companies to save on cost by spreading the overheads.

https://www.forbes.com/sites/greatsp.../#4cb8220a6d5c

[Mega]

Re: Barrick to buy Newmont...........

Thanks Touchring