Management now feels that thanks to the mining industry's lack of investment in its own future, ABX is now enviably positioned among its peer group thanks to the quality of its asset base, synergies that it expects to generate from its new Nevada Gold Mine joint venture, and superior execution on its existing exploration and development projects. ABX shares have been on a real surge as of late, up close to 20% since the end of May, and now trade just pennies shy of their 52-week highs. Newmont Goldcorp ( TSX:NGT )( NYSE:NEM ) merger closed earlier this year in April, combining Newmont Mining with Vancouver-based Goldcorp to form the world's largest gold producer by market cap, surpassing the aforementioned Barrick Gold to achieve that honour.