Randgold Mining News

Mega-mergers will bring short-lived glory if miners ignore innovation — opinion

Market signals are already showing troubling signs of this shift in the sector.

Goldcorp shareholders approve Newmont's $10B takeover offer

The deal also will be voted on by Newmont shareholders next Thursday. If approved, the deal is expected to close by June.

Barrick gives up plans to acquire Newmont, will form Nevada JV instead

Under the deal, Barrick will take a 61.5% stake in the joint venture consisting of the duo’s Nevada mines, with Newmont holding the remainder.

Barrick open to discuss joint venture in Nevada with Newmont

Chief executive Mark Bristow will discuss a potential JV with rival Newmont only if his company runs the operation.

Newmont rejects $18B hostile bid by Barrick, releases private messages

The US mining giant also fired back with a deal that seeks merging operations in the state of Nevada.

Barrick, Newmont step up game to sway top investors

Barrick forecasts over $7 billion in pre-tax savings over 20 years, based on net present value — $4.7 billion of which will come from Nevada.

Barrick-Newmont merger would leave up to $7B of assets up for grabs

The portfolio would include their Kalgoorlie super pit 50/50 joint-venture in Western Australia, as well as other regional assets such as Porgera, Tanami and Boddington mines.

It’s happening — Barrick makes hostile $17.8 billion bid for Newmont

If successful, the move will create the world’s largest gold company with a value of around $42 billion at current market prices.

Barrick on Newmont merger: "No decision at this time"

The Canadian gold giant confirmed it has reviewed the opportunity to merge with the US miner in an all-share deal.

Canadian regulator clears Newmont’s $10B merger with Goldcorp

The companies announced their planned all-share tie-up in January, just two weeks after the Barrick-Randgold merger was finalized.

Gold-stock mega-mergers bad

Combining major gold miners already struggling with slowing production doesn’t solve the problem, but only masks it for a single year.

Barrick Gold posts $1.2 billion quarterly loss, sees cost rising in 2019

The company pinned the cost increases partly on mining ending at its low-cost Cortez Hills open pit in Nevada in the first half of the year.

Barrick’s Tongon mine hits production targets despite strikes, social unrest

After nine months of intermittent production caused by illegal strikes and social unrest, Tongon gold mine achieved its revised production target of 230,000 ounces for 2018, down from 288,680 the previous year.

Newmont grabs Goldcorp in $10B deal that creates world's top gold miner

Massive deal creates company that challenges rival Barrick as the world’s largest gold producer.

New era for Barrick Gold begins

Barrick now trades as GOLD in New York and continues as ABX in Toronto.

Randgold to cease trading as merger with Barrick gets final approval

The planned merger, which creates the world's top gold miner by value and output, has been approved by the Royal Court of Jersey.

Acacia takeover by merged Barrick an option — Randgold CEO

Acacia has three operating mines in Tanzania and is engaged in a protracted and ugly disagreement over taxation with the government.

Barrick, Newmont said to be in talks to merge Nevada operations

Experts believe the US firm could achieve $300 million in operating and cost savings from combining its mines in Nevada with those of the Canadian rival.

Randgold Resources' Mali gold mining complex ramps up production

Increased grades expected in Q3 and Q4 of this year.

Gold output at Randgold's Ivorian mine to fall 23.3% below 2018 forecast

The production forecast has been revised to 230,000 ounces of gold for this year.

Barrick could trade copper mines for gold ones to expand Tier 1 assets

The combined miner plans to focus on Tier 1 assets, those producing at least 500,000 ounces of gold annually, with a mine life of more than 10 years and low costs.

About $5B in assets to be sold due to Barrick-Randgold merger — expert

BMO Capital Markets has flagged a total of 13 mines that could be sold following the $6-billion merger.

Barrick maintains forecasts ahead of Randgold vote

Shareholders of Barrick and Randgold will vote on Nov. 5 on an all-stock transaction that will create a company with operations in Africa, Australia, North and South America, Saudi Arabia and Papua New Guinea.

Filing of management information circular for merger with Randgold

Barrick Gold Corporation announced today that it has filed its management information circular and related voting materials in connection with a special meeting of shareholders to be held on November 5, 2018.

ERG bets on cobalt from Congo in quest for growth

Eurasian Resources Group (ERG) plans to ramp up cobalt output at its Democratic Republic of Congo (DRC) facility as it expects the electric car industry to boost demand for the metal.