- Investors are losing patience with Newmont Mining (NYSE:NEM) after the share price has been cut in half since 2011, urging the miner to either rekindle the aborted deal with Barrick Gold or break itself up, WSJ reports.
- Investors "are frustrated because they wanted something to happen... [NEM] hasn't communicated the specifics of what they're doing," says USAA portfolio manager Dan Denbow.
- "What we want is synergies from the Nevada operation," says Chris Mancini of Gabelli Gold Fund, one of NEM's largest investors; he says he has told the company it should merge with Barrick and then spin off the combined Nevada operations.
- Other analysts say losing scale isn't always the best option, given that it becomes more difficult to raise debt; others say the various scenarios struggle to take into account NEM's troubled Indonesian copper operation.
- NEM +1% premarket.