- Write by:
-
Tuesday, June 25, 2019 - 10:02:39 AM
-
1235 Visit
-
Print
Mining News Pro - Acacia Mining has released a statement to say it “strongly disagrees with a number of matters” set out in parent company Barrick Gold’s takeover proposal published last week.
According to Mining News Pro - Acacia argued that the announcement “appears to have ignored the value of the portfolio of exploration and development assets, and the strategic value of the company’s pre-emption rights pursuant to the relationship agreement between Acacia and Barrick”.
The statement from Acacia suggested that, subject to a “fair” offer supported by shareholders, Barrick’s plans to acquire the shares it does not own (it currently holds 64%) would still be attractive to key stakeholders.
However, the largest gold producer in Tanzania, said it “strongly disagrees with Barrick’s view on Acacia’s life of mine plans, which it understands to underpin Barrick’s valuation and price of the Proposal, and sees no reasonable basis for Barrick’s proposed adjustments”.
Short Link:
https://www.miningnews.ir/En/News/390200
Newmont confirmed on Wednesday that two members of its workforce died this week at the Cerro Negro mine located in the ...
Chinese investors are snapping up stocks tied to high-flying metals from copper to gold, aiding an onshore market facing ...
Outflows from global physically backed gold exchange traded funds (ETFs) continued for a 10th month in March, but at a ...
i-80 Gold fell by over 11% at market open Tuesday following its announcement of a C$100 million ($74m) public offering ...
Australia’s Westgold Resources said on Monday it had agreed to acquire Toronto-listed Karora Resources in a ...
Chinese coal prices are likely to keep falling until the start of the peak summer season, suppressing imports of the ...
The Côté gold mine has poured its first doré bar as the project advances toward commercial production. The mine, located ...
Gold continued its historic rally on Monday by setting another record high, as the latest US inflation data further ...
Shares of MAG Silver rose on Thursday following the release of a new mineral resource estimate for the Juanicipio ...
No comments have been posted yet ...