I would not be surprised if Newmont try to take Barrick over down the track
"Barrick Gold Corp. has no intention of increasing its hostile offer for Newmont Mining Corp., according to a person familiar with the matter who asked not to be identified because the talks are private.
On Monday, Barrick proposed to buy Newmont in an all-share $17.8 billion hostile deal that valued the rival miner’s stock at 8 percent below the prior closing price. Newmont responded that its board would consider the offer, while simultaneously criticizing Barrick’s operating model and saying that its own pending takeover of Goldcorp Inc. offered “superior benefits.”
The world’s two largest gold producers have spent this week making their cases to their biggest investors, most of whom own shares in both companies. Barrick’s chief executive officer has defended the lack of a premium in the deal, saying there are $7 billion in synergies from the combination and that will add value. A spokesman for Barrick had no immediate comment on whether the company would change its offer."
