Newmont to move forward with Goldcorp purchase, ignoring possible Barrick offer

Colorado-based Newmont Mining Corp. announced on Friday that its $10 billion deal to purchase Vancouver-based Goldcorp Inc. is moving forward after the latter obtained an interim plan of arrangement, throwing cold water on the idea that Newmont is interested in a merger with Barrick Gold Corp.

Newmont to move forward with Goldcorp purchase, ignoring possible Barrick offer

Price wars for cheap in the ground ounces as they (like Central Banks) expect higher prices coming....