When Newmont (NEM) completed its purchase of Goldcorpse it was the market cap leader by quite a distance and had at least $2Bn over Barrick in second spot. This morning Barrick is worth U$1.75Bn more than NEM and is the world’s chip leader.
NEM is turning into a disaster, up 6% in the last two months when gold bullion is up over 9%!