StockGuru Blog: General Metals Locates Near Newmont Projects and Rumours of Barrick Buyout of Newmont Abound
StockGuru Profile - General Metals - GNLMGeneral Metal’s Wilson-Independence mine sits as an island in Newmont Mining Corporation’s Phoenix mine in Battle Mountain- Cortez gold belt of Northern, Nevada. Newmont’s Phoenix shipped its first gold ahead of schedule in March and eventually will produce about 350,000 ounces a year. General Metals has also located in proximity to Newmont’s mine in Ghana. Speculation Newmont a Takover Candidate The share price of Denver-based Newmont Mining rose more Friday than it had in the previous four weeks, following a published report that Barrick Gold Corp. may launch a bid to acquire Newmont. A…