Newmont-Barrick deal isn't dead, J.P. Morgan says

|About: Barrick Gold Corporation (ABX)|By:, SA News Editor

A deal combining Newmont Mining (NEM +2.5%) and Barrick Gold (ABX +0.2%) isn't dead, especially if NEM’s Indonesia woes drag on, J.P. Morgan analysts say.

NEM stopped processing at Indonesia's Batu Hijau mine in early June as storage facilities reached full capacity, and it could come back to table with ABX if it loses confidence in being able to access Batu Hijau’s cash flow, JPM says.

The firm sees the potential upward revisions to guidance for regions excluding Indonesia if Q2 is strong, but this would be offset by the worse outlook for Batu Hijau.

Earlier: Newmont Mining up on reports of increased investor pressure for break-up.