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Stock Market & Financial Investment News

News Breaks
April 28, 2014
13:33 EDTNEM, ABXBarrick Gold clarifies merger discussions with Newmont Mining
In response to a press release issued today by Newmont Mining (NEM), Barrick Gold (ABX) confirms that the company had negotiated a term sheet for a proposed merger between Barrick and Newmont, which was agreed upon and signed by both parties on April 8. Since then, Newmont has sought to renege on three foundational elements of the signed term sheet: the location of the head office of the merged company in Toronto; the identification of any specific assets that would be included in a spin-off company; and the carefully constructed governance arrangements, particularly with respect to the roles and authority of the Chairman, the Lead Director and the CEO. Both companies were in full agreement that the merger would produce substantial added value for shareholders, through unique synergies that can only be achieved by combining Barrick and Newmont, and the spin-off and further rationalization of certain of the companies' combined assets.
News For ABX;NEM From The Last 14 Days
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April 28, 2015
10:05 EDTNEMOn The Fly: Analyst Upgrade Summary
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09:36 EDTABXActive equity options trading on open
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08:32 EDTNEMNewmont Mining upgraded to Neutral on increased NAV at BofA/Merrill
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07:36 EDTNEMNewmont Mining upgraded to Neutral from Underperform at BofA/Merrill
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April 27, 2015
18:42 EDTABXBarrick Gold reaffirms FY15 gold production view 6.2M-6.6M ounces
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18:41 EDTABXBarrick Gold reports Q1 EPS 5c, consensus 9c
Reports Q1 revenue $2.24B, consensus $2.38B.
16:00 EDTABXOptions Update; April 27, 2015
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15:04 EDTABXNotable companies reporting after market close
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10:00 EDTNEMOn The Fly: Analyst Upgrade Summary
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06:39 EDTNEMNewmont Mining upgraded to Outperform from Neutral at Credit Suisse
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April 23, 2015
19:16 EDTNEMOn The Fly: After Hours Movers
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16:16 EDTNEMNewmont Mining says 2016, 2017 gold and copper production view unchanged
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16:15 EDTNEMNewmont Mining backs FY15 outlook for 4.6M-4.9M attributable oz. gold
Newmont is maintaining its FY15 outlook between 4.6-4.9M attributable ounces of gold, at CAS between $660-$710 per ounce and AISC between $960-$1,020 per ounce.
16:14 EDTNEMNewmont Mining reports Q1 adjusted EPS 46c, consensus 23c
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April 20, 2015
17:33 EDTABXBarrick Gold pursues sale of Zaldivar mine, Reuters says
Barrick Gold has contacted a small group of buyers regarding a potential sale of its Zaldivar copper mine, Reuters reported earlier, citing three sources familiar with the matter. The sources said a deal could be worth roughly $2B, and added that Barrick is likely to retain a stake in the mine rather than pursue a full sale. Reference Link
13:24 EDTABXNewcrest, Hecla, Gold Fields bid for Barrick mine, WSJ says
Newcrest (NCMGY), Hecla (HL), Gold Fields (GFI), and Evolution Mining have advanced to the second round of bidding for Barrick Gold's (ABX) Cowal mine in Australia, reports the Wall Street Journal, citing two sources familiar with the matter. One of the sources noted that the mine could be worth as much as $700M. Reference Link
12:52 EDTABXBarrick Australian mine bid on by Hecla, Newcrest Mining, DJ says
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