Barrick Gold completed the acquisition of Randgold for $6.5bn.

Barrick Gold, a gold mining company, completed the acquisition and merged with Randgold, a gold mining business, for $6.5bn. “The combination of Barrick and Randgold will create a new champion for value creation in the gold mining industry, bringing together the world’s largest collection of Tier One Gold Assets, with a proven management team that has consistently delivered among the best shareholder returns in the gold sector over the past decade. Our overriding measure of success will be the returns we generate and not the number of ounces we produce, balancing boldness and prudence to deliver consistent and growing returns to our fellow owners, a truly simple but radical and achievable concept. There are no premiums in the merger because we strongly believe in the opportunity to add significant value for our shareholders from the disciplined management of our combined asset base and a focus on truly profitable growth,” John L. Thornton, Barrick Executive Chairman.