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Newmont Mining

Newmont Rallies After Barrick Merger Talks Fail

Newmont Mining Corp. shares rallied as much as 7% Monday on reports that advanced merger talks between Newmont and Toronto-based Barrick Gold Corporation , two of the world's biggest gold miners, broke down. The stock move landed Newmont at the top of percentage gainers on the S&P 500 Index Monday. Barrick Gold shares slipped 1.6%. The merger talks, which would have created a company with a $30 billion market capitalization, reportedly stranded over how to spin off mining assets in New Zealand and Australia. The companies have been struggling to cope with a 28% drop in gold prices over the past year.Copyright © 2014 MarketWatch, Inc....

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