Appian backs Atlantic’s Barrick mine buyout with $150M
U.K. private-equity firm Appian Capital Advisory said on Wednesday it has provided a US$150 million financing package to support the Atlantic Group’s buyout of a West African gold mine from…
Barrick Mining
Barrick eyes IPO of North American gold assets
A North American spinout would offer investors access to the miner’s Nevada operations, Pueblo Viejo, and Fourmile project.
Sahel talks spur West African Resources’ ASX return
The Australia Stock Exchange reinstated West African Resources’ (ASX: WAF) shares after the company reported progress in discussions with the Burkina Faso government, which has sought to nationalize natural resources….
Barrick paid $430M to settle Mali dispute: Bloomberg
Barrick Mining (NYSE: B; TSX: ABX) paid nearly the same amount as the back taxes Mali’s junta claimed it owed, ending a long dispute that had shuttered a mine once…
Sahel faces widening security threats, analysts say
Despite military governments across West Africa, the region’s security situation is worsening as insurgents flush with kidnapping ransoms and illegal mining profits threaten fuel supplies and road networks, according to…
Revival Gold assays support Mercur project economics
New drill results from Revival Gold’s (TSXV: RVG; US-OTC: RVLGF) Mercur project in Utah boost resource expansion potential beyond this year’s preliminary economic assessment, the company said. Highlight hole RM25-117 cut…
Barrick starts review to boost predictability, safety
Barrick Mining (TSX: ABX; NYSE: B) says it’s reviewing operations to curtail unplanned downtime and improve worker safety as the Canadian miner shifts its focus to North America. Toronto-based Barrick is…
Could Barrick’s next CEO break up the company?
Spinning off Barrick Mining’s (TSX: ABX; NYSE: B) U.S. assets into a new company or exploring a merger with Newmont (NYSE: NEM) are some of the key options that the…
Gold breaks $4,000 on rate-cut bets, haven demand
Spot gold peaked at around $4,037 per oz. in early trading Wednesday as investors sought safety amid a dovish United States Federal Reserve outlook and a U.S. data vacuum from…
Barrick to sell Tongon mine to Atlantic for up to $305M
Barrick Mining (TSX: ABX; NYSE: B) agreed to sell its stake in the Tongon gold mine and certain exploration properties in Côte d’Ivoire to the Atlantic Group for up to…
Barrick CEO exit could spur asset sales, M&A: analysts
Leadership changes at two of North America’s biggest miners open the door to asset sales and even a potential takeover of Barrick Mining (TSX: ABX; NYSE: B), analysts say. On…
Bristow’s exit shakes up Barrick leadership
Barrick Mining (TSX: ABX; NYSE: B) shocked markets Monday with the abrupt resignation of president and CEO Mark Bristow, who departs after nearly seven years at the helm without explanation….