Barrick participates in Midas Gold offering | Metals Mine

  • Barrick participates in Midas Gold offering

    From miningweekly.com

    The world’s second largest gold miner, Barrick Gold, on Tuesday announced that it would acquire shares in US-focused Midas Gold as part of the Vancouver-headquartered junior’s public offering of shares announced the previous day. Barrick currently owns 46 551 731 shares of Midas, representing about 19.6% of the junior and will acquire a further 7 274 142 shares, taking its stake to about 19.9%. Barrick would acquire the additional shares at the offering price of C$0.60 a share, for an aggregate consideration of about C$4.4-million. Midas, which is advancing the Stibnite gold project, in Idaho, on Monday announced ... (full story)

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EventsTrader
Jun 11, 2019 10:55am
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Quoting bigtx
These big boys are making moves in the market. Acquisition after acquisition. That helps my feeling that gold is going up!
Yup bigtx, they are the big boy. Barrick and Newmont are the two top gold producing companies. I'm pretty sure even though Barrick's 2nd in market cap, they produce more than any other company.
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bigtx
Jun 11, 2019 8:28am
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These big boys are making moves in the market. Acquisition after acquisition. That helps my feeling that gold is going up!
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