Barrick Gold Corp (LTS:0R22)
£ 12.393 0.04 (0.32%) Market Cap: 21.88 Bil Enterprise Value: 29.09 Bil PE Ratio: 17.71 PB Ratio: 1.20 GF Score: 83/100
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Barrick Gold Corporation, Newmont Mining Corporation - M&A Call Transcript

Mar 04, 2019 / 02:00PM GMT
Release Date Price: £8.5 (-22.73%)
Operator

Good morning, and welcome to the Newmont Goldcorp transaction update. (Operator Instructions) Please note, this event is being recorded.

I would now like to turn the conference over to Gary Goldberg, Chief Executive Officer. Please go ahead.

Gary J. Goldberg
Newmont Mining Corporation - CEO & Director

Good morning, and thank you for joining us. As you saw this morning, our Board of Directors has unanimously determined that Barrick's unsolicited hostile all-stock proposal to acquire Newmont is not in the best interests of Newmont's shareholders.

Before I start, I'll ask you to review the cautionary statements shown here on Slide 2 and refer you to our SEC filings, which can be found on our website at newmont.com. And on Slide 3, you'll find additional information on the proposed transaction.

Turning to Slide 4. We have summarized some of the factors that informed our Board's unanimous determination that Barrick's proposal is not in the best interest of Newmont's shareholders and that it is inferior to the Goldcorp transaction.

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