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Canada's Barrick Gold Corp. is reportedly near an agreement to buy London-listed Randgold Resources Ltd. in a deal that could be worth as much as $18 billion, according to media reports.

The agreement could be announced as soon as Monday, according to a report from Reuters citing a person familiar with the talks.

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Mining blog IKN first reported the news on Sunday, and Bloomberg later said the two companies were in advanced discussions.

Neither Barrick (ABX) nor Randgold (GOLD) - Get Barrick Gold Corporation Report could be reached late Sunday evening, East Coast time, for comment on the reports.