Barrick Gold Corporation (NYSE:ABX) and Newmont Mining’s (NYSE:NEM) recent attempt to merge collapsed acrimoniously. Though the proposed merger between the world’s top two gold producers fell apart, it may not be dead and buried. There are plenty of reasons why mergers between gold mining companies in general, and Barrick and Newmont in particular, make sense. Barrick Gold Corporation (USA) (NYSE:ABX) net profit margin is -94.70% and weekly performance is -0.60%. On last trading day company shares ended up $16.52. Analysts mean target price for the company is $20.51. Barrick Gold Corporation (USA) (NYSE:ABX) distance from 50-day simple moving average (SMA50) is -8.61%.
YAMANA GOLD INC. (USA) (NYSE:AUY) on 13 may announced Daniel Racine has joined the Company’s senior management as Senior Vice President, Canadian Operations and Mine Planning & Development, effective immediately. Yamana Gold Inc. (USA) (NYSE:AUY) shares ended the day on $7.56. AUY gross Margin is 47.10% and its return on assets is -4.90%.Yamana Gold Inc. (USA) (NYSE:AUY) quarterly performance is -26.89%.
Osisko Mining Corp (OTCMKTS:OSKFF) agreed to sell most of its assets to Yamana Gold Inc (YRI.TO) and Agnico-Eagle Mines Ltd (AEM.TO) for C$3.9 billion to thwart a hostile offer from larger rival Goldcorp Inc (G.TO).OSISKO MINING CORP (OTCMKTS:OSKFF) shares moved down -0.27% in last trading session and was closed at $7.45, while trading in range of $7.45 – $7.49.
Cia. de Minas Buenaventura SAA and partner Newmont Mining Corp. (NYSE:NEM) may scale back the amount of money they invest in building the Conga gold project in Peru, a Buenaventura executive said. Newmont Mining Corp (NYSE:NEM) ended the last trading day at $23.40. Company weekly volatility is calculated as 1.86% and price to cash ratio as 7.49.Newmont Mining Corp (NYSE:NEM) showed a negative weekly performance of -2.46%.
Upstream oil and gas Master Limited Partnership LINN Energy (NASDAQ:LINE) finally announced the course of action it would take pertaining to its Permian Basin position. For months, speculation swirled about what the company would do, since it had outlined several possible options long ago, yet declined to provide definitive details. Linn Energy LLC (NASDAQ:LINE) net profit margin is -29.10% and weekly performance is -1.18%. On last trading day company shares ended up $28.40. Analysts mean target price for the company is $33.79. Linn Energy LLC (NASDAQ:LINE) distance from 50-day simple moving average (SMA50) is 0.34%.