Gold plan points to price pain

The now-failed merger plan between Newmont and Barrick is a signal that gold is melting.

Investors keen on gold were disappointed by the failure of the attempt to merge Newmont Mining and Barrick Gold, but what they should have been more disappointed about was the original proposal and the negative message it contained about the gold-price outlook.

When the complex deal surfaced two weeks ago, some people saw it as a way to generate synergy benefits in the world’s two biggest gold producers that would maximise profits.


{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles