, Columnist
What Humphrey Bogart Can Teach the Gold Diggers
Barrick and Newmont have far more to gain from cooperating than bickering with each other. Here’s one way to get past their squabbles.
The cause of so much friction.
Photographer: David Paul Morris/Getty Images
This article is for subscribers only.
In the classic John Huston film “Treasure of the Sierra Madre,” a group of gold prospectors strike it rich before squandering their good fortune in a tangle of greed, distrust, murder and paranoia.
Something similar is happening to Barrick Gold Corp. and Newmont Mining Corp. in Nevada. Disagreements about how to manage and develop what’s arguably the world’s best-endowed area of gold deposits look set to ensure that both companies continue in an awkward and bad-tempered cohabitation, rather than growing rich together.