Mining giant Barrick announced Monday that it has reached an agreement with gold-mining company Newmont to combine some of their mines. This settlement sets the stage for an initial public offering of Barrick’s North American gold assets by the end of the year. Barrick’s stock, listed in Toronto under the ticker CA:ABX, fell by 9%. Meanwhile, Newmont’s shares, based in Denver and trading under the ticker NEM, rose by 1%.
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