Gold Giants Newmont and Barrick Consider Merging Amid Rising Gold Prices

Gold giants Newmont and Barrick may be considering a merger or asset sale, with UBS predicting a possible bid for Barrick's stake in their Nevada Gold Mines joint venture. The deal could be worth $40-$50 billion, but Newmont's recent acquisition record has raised investor concerns. Barrick's mixed asset portfolio, including copper projects in riskier countries, may also make a sale more appealing.