FILE PHOTO: Gary Goldberg, CEO of Newmont Mining Corporation, speaks during the ceremonial groundbreaking of the Merian Gold Project in Sipaliwini district December 10, 2014. TREUTERS/Ranu Abhelakh
(Reuters) - Newmont Mining Corp on Monday rejected rival Barrick Gold Corp’s unsolicited offer, saying the all-stock proposal was not in the best interest of its shareholders as it was offered at a discount.
However, Newmont said it submitted a joint venture proposal to Barrick for operations in Nevada.
Reporting by Debroop Roy in Bengaluru; Editing by James Emmanuel
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