Deals

Monster Gold-Mining Deals Pile Pressure on Those Left Behind

Newmont Goldcorp expects to be generalist investor’s top pick
Goldcorp CEO says merger will spark more asset consolidation

Randgold Resources Ltd.'s Kibali Gold Mine — Photographer: Simon Dawson/Bloomberg

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By Thomas Biesheuvel and Danielle Bochove

January 14, 2019 at 4:21 PM UTC

Updated on

January 15, 2019 at 9:28 AM UTC

This article is for subscribers only.

Mark Bristow’s tenure as boss of the world’s biggest gold miner might have been short-lived, but his message for smaller rivals just got even more pointed.

“Holy camoly, I missed out on a great opportunity!” is how Bristow described anyone not involved in Barrick Gold Corp.’s purchase of Randgold Resources Ltd. in September. With Newmont Mining Corp. poised to become the No. 1 producer through a $10 billion takeover of Goldcorp Inc. announced Monday, the pressure on those left behind will be even greater.