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Barrick Gold recommends shareholders reject mini-tender offer by TRC Capital

Reuters | January 13, 2025 | 9:37 am Markets Top Companies Canada USA Gold 
Barrick’s Q2 gold production lower on production outages
Image courtesy of Barrick Gold.

Barrick Gold on Monday recommended that its shareholders reject an unsolicited offer by TRC Capital Investment to buy about 0.29% of the miner’s common stock.

The gold miner said it had received notice of an unsolicited mini-tender offer made by TRC Capital to purchase up to 5 million of Barrick’s common shares, adding that it was at a below-market price of C$21.35 apiece.

TRC Capital has made several similar unsolicited mini-tender offers for shares of other public companies including Occidental Petroleum and Johnson & Johnson.

A mini tender is an offer to purchase no more than 5% of a company’s shares.

(By Tanay Dhumal; Editing by Shounak Dasgupta)

Read More: Mali starts seizing gold stocks at Barrick site, company memo says

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