Deals
Barrick Gold, Randgold in Advanced Talks on Merger
- Barrick may benefit from Randgold’s experience in Africa
- Acacia has been stuck in limbo, with its $190 billion tax bill
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Barrick Gold Corp. is said to be in advanced negotiations to merge its operations with Africa-focused rival Randgold Resources Ltd., protecting the Toronto-based miner’s crown as the world’s largest producer of the metal.
A deal is imminent, according to one of the three people familiar with the negotiations. They declined to provide more details. Talks could still fall apart should the parties fail to agree on the terms. Executives from Barrick and Randgold are in Colorado Springs for the Denver Gold Forum.