(Bloomberg) -- First Quantum Minerals Ltd. shares posted their biggest two-day jump since early 2016, after people with knowledge of the matter said the owner of Africa’s biggest copper mine was drawing preliminary takeover interest from global miners.Vancouver-based First Quantum, which has a market capitalization of C$8.42 billion ($6.35 billion), is working with defense advisers to examine its options, the people said. The company attracted potential buyers after losing about half its value in the five years through Wednesday.The miner hasn’t yet received any formal takeover offers, the ...
TORONTO , Sept. 20, 2019 /CNW/ - RNC Minerals (RNX.TO) ("RNC" or the "Company") is pleased to announce that it has closed its previously announced bought deal financing, including the partial exercise of the over-allotment option, of 46,156,000 units of the Company (the "Units"), at a price of $0.40 per Common Share (the "Issue Price"), for gross proceeds to the Company of $18,462,400 (the "Offering"). Each Unit consists of one common share in the capital of the Company (a "Common Share") and one-half of one common share purchase warrant (each whole common share purchase warrant, a ...
Shares in First Quantum Minerals, developer of a giant copper mine in Panama, jumped by more than 11 per cent on Friday on rumours it could be a takeover target. Talk that First Quantum could be acquired has gained volume in recent weeks, fuelled by rumours that China’s Jiangxi Copper has amassed a near 10 per cent interest in the company through a complex derivatives structure.
The new Nevada Gold Mines complex is hosting a group of analysts for their first site visit since the formation of the Barrick / Newmont Goldcorp joint venture at the beginning of July. The complex represents the single largest gold producing operation in the world and includes three Tier 1 mines. In an announcement earlier this week, Barrick reported a new discovery hole4 about 2 kilometers from the best ever drilling intercept at its Fourmile project in Nevada and said this pointed to the potential for at least one more Tier 1 gold mine through the combination of Fourmile with the nearby ...
(Bloomberg) -- Bullion may be trading near a six-year high, but gold-mining executives keen to show they’re conscientious on costs were munching on potato salad instead of oysters at this week’s industry gathering in Denver.As the chief executive officer of Agnico Eagle Mines Ltd., Sean Boyd, put it: “A general theme of this conference has been the need to maintain discipline.”That sentiment was echoed in presentations, interviews and the general coffee-time chatter at the gold industry’s largest U.S. gathering of the year. There was little buzz when it came to deals, and most mining ...
TORONTO , Sept. 17, 2019 /CNW/ - RNC Minerals (RNX.TO) (RNC) has re-filed on SEDAR its technical report prepared in respect of its gold resource update for the Beta Hunt Mine and Dumont Nickel Project ("Dumont") NI 43-101 compliant technical report ("feasibility study").
A fresh gold discovery by Barrick Gold Corp in Nevada is "fantastically significant" and shows there still is rich potential in the region for exploration, Chief Executive Officer Mark Bristow said in an interview on Tuesday. Barrick announced the discovery hole on Tuesday and said its proximity about 1.25-mile (2 kilometers) from the company's Fourmile project points to at least one more Tier 1 gold mine through the combination of Fourmile with the nearby Goldrush development project. "We’re super excited about that," Bristow said on the sidelines of the Denver Gold Forum.
(Bloomberg) -- Newmont Goldcorp Corp. is ready to sit tight on asset sales, even if that means not reaching a previously announced goal of as much as $1.5 billion in divestments.That’s according to Tom Palmer, the company’s incoming chief executive officer. The world’s largest gold producer will be focusing on optimizing its current assets and is happy overall with its portfolio, other than a previously announced sale of Red Lake in Canada, he said.“We’re in no rush to sell anything,” Palmer said in an interview Tuesday at the Denver Gold Forum. “There will be no fire sale in Newmont ...
Barrick Gold Corporation (GOLD)(ABX.TO) today reported a new discovery hole about 2 kilometers from the best ever drilling intercept at its Fourmile project in Nevada and said this pointed to the delivery of at least one more Tier 1 gold mine through the combination of Fourmile with the nearby Goldrush development project. Barrick did not include Fourmile in the recent combination of its Nevada assets with those of Newmont Goldcorp to create the Nevada Gold Mines joint venture, but has the right to bring it into the joint venture for full market value provided certain agreed investment ...
TORONTO, ON / ACCESSWIRE / September 17, 2019 / On 19 July 2019, the Boards of Acacia Mining plc ("Acacia") and Barrick Gold Corporation ("Barrick") announced that they had reached agreement on the terms of a recommended offer by Barrick for the ordinary share capital of Acacia that Barrick does not already own (the "Acquisition"), to be effected by means of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 (the "Scheme"). The scheme circular was published by Acacia on 12 August 2019 (the "Scheme Document") and the Scheme was approved by the Scheme Shareholders ...
TORONTO, ON / ACCESSWIRE / September 17, 2019 / On 19 July 2019, the Boards of Acacia Mining plc ("Acacia") and Barrick Gold Corporation ("Barrick") announced that they had reached agreement on the terms of a recommended offer by Barrick for the ordinary share capital of Acacia that Barrick does not already own (the "Acquisition"), to be effected by means of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 (the "Scheme"). The scheme circular was published by Acacia on 12 August 2019 (the "Scheme Document") and the Scheme was approved by the Scheme Shareholders ...
On 19 July 2019, the Boards of Acacia Mining plc ("Acacia") and Barrick Gold Corporation ("Barrick") announced that they had reached agreement on the terms of a recommended offer by Barrick for the ordinary share capital of Acacia that Barrick does not already own (the "Acquisition"), to be effected by means of a Court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 (the "Scheme"). The scheme circular was published by Acacia on 12 August 2019 (the "Scheme Document") and the Scheme was approved by the Scheme Shareholders at the Court Meeting on 3 September 2019.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Veresen Midstream Limited Partnership and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action ...
(Bloomberg) -- China Gold International Resources Corp., the overseas arm of state-owned China National Gold Group, is on the hunt for acquisitions to replenish its pipeline as deal-making in the sector heats up thanks to a jump in the metal’s price.“We need more pipeline, especially in gold production,” Jerry Xie, executive vice president, said in an interview on the sidelines of the Denver Gold Forum on Monday. “We’re currently looking for acquisition opportunities quite aggressively. We’re doing this on behalf of our parent company, not just for ourselves.”The miner, listed both in Canada ...
(Bloomberg) -- Executives headed to the Denver Gold Forum a year ago were hit with a startling bit of news as they stepped off their planes: A merger made public that afternoon was set to create the world’s biggest gold company.Now, a year after Barrick Gold Corp. agreed to buy Randgold Resources Ltd., and in the wake of a second huge megamerger, executives are once again traveling to the Denver meeting, which opens Sunday. Only this time, the industry will be watching to see if mid-tier miners concerned about losing out to larger rivals are ready to jump into the M&A game.Gold is near a ...
