Newmont Mining CEO Says Barrick Gold Is 'Desperate'

The transcript discusses Newmont's ongoing acquisition of Goldcorp, the challenges posed by Barrick's offer, and the strategic decisions facing Newmont. It highlights the integration process with Goldcorp, evaluates the synergy potential with Barrick, and contrasts the leadership and cultural differences between the companies. The conversation also touches on future strategic options and the implications for shareholders.

What is Newmont's primary focus in the first part of April?

• Finalizing the Barrick acquisition

• Obtaining shareholder and regulatory approvals for Goldcorp

• Launching a new mining project

• Negotiating with BlackRock

What is the main criticism of the Barrick offer?

• It includes too many jurisdictions

• It offers a high premium

• It is a zero premium offer

• It is too complex to understand

What was the outcome of the 2014 merger discussions between Newmont and Barrick?

• Joint venture in Nevada

• Termination of discussions

• Increased shareholder value for Barrick

• Successful merger

How does Newmont view its global portfolio compared to Barrick's?

• Less diversified

• More successful in value creation

• Similar in scope

• Focused only on Nevada

What strategic option is Newmont considering in response to Barrick's actions?

• Focusing solely on Goldcorp

• Merging with BlackRock

• Selling its assets

• Acquiring Barrick or Randgold

What is the expected rate of return on Newmont's acquisition of Goldcorp?

• 30%

• 25%

• 10%

• 15%

What challenge does Newmont face with the recent mergers in the industry?

• Regulatory hurdles

• Unrealistic market expectations

• Lack of shareholder interest

• Increased competition