Newmont CEO says shareholders do not see value in Barrick bid

Newmont Mining Corp Chief Executive Gary Goldberg said on Monday that Barrick Gold Corp`s $18 billion hostile bid for his company is perplexing to his shareholders and not in the best interest of both miners.

Newmont shareholders "don`t understand it. They don`t see the value potential," Goldberg said on the sidelines of the BMO Global Metals & Mining Conference in Florida. "One has to question what the true motives behind going hostile are: Whether it`s really just to get bigger or it`s all ego-driven."

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