Newmont ‘Moved On’ From Scrapped Barrick Deal, CEO Says

Newmont Mining Corp., the second-largest gold producer, said it’s moved on from an aborted attempt this year to merge with its biggest competitor.

Newmont was in discussions this year to be acquired by Toronto-based Barrick Gold Corp. in a deal the companies estimated could result in about $1 billion of annual savings. The talks broke down in April.