Cadence announces completion of amalgamation with subsidiary of Barrick Gold Corporation

Cadence Energy Inc. (formerly, Kereco Energy Ltd.) (”Cadence”), announced that at a special meeting of holders of Cadence common shares held today, a going private transaction involving the amalgamation (the “Amalgamation”) of Cadence and 1426384 Alberta Ltd. (”Newco”),... Read more..

Barrick Gold rises but later retreats after analyst upgrades on attractive valuation

Barrick Gold Corp has just announced a report saying that its shares rose Friday but later retreated after a security analyst lifted her rating on the world’s biggest gold producer, saying its stock price offers an attractive value. Shares slid $1.77, or 4.2 percent, to close at $40.58. Credit... Read more..

Royal Gold Inc. to buy Barrick Gold Corp. portfolio of royalties

Precious metals royalty company Royal Gold Inc has recently reported that it will pay Barrick Gold Corp. $150 million to acquire portfolio of royalties, and reduce certain royalty payments. Royal Gold gains royalties on 77 properties, including eight producing royalties, 20 development and evaluation... Read more..

Barrick Gold’s 2Q profits rise 22 percent; will sell royalties portfolio to Royal Gold

Barrick Gold Corp., the world’s largest gold producer, is reported by the media lately that the company reported a 22 percent jump in second-quarter net income and announced plans to sell a portfolio of non-core royalties to Royal Gold Inc. for $150 million plus reduced royalty payments. Toronto-based... Read more..

Barrick Gold sees lower production in 2008; expects higher costs due to rising energy prices

Barrick Gold Corp., the world’s largest gold producer has recently reported that the company expects 2008 gold production to fall at the lower end of its previously announced guidance, citing fluctuations in ore grades. For the year, Toronto-based Barrick estimated gold production would be closer... Read more..

Barrick Sells Non-Core Royalties to Royal Gold-Achieves Lower Royalties on Cortez-Crossroads

Barrick Gold Corporation announced that it has entered into a definitive agreement to sell certain non-core royalties to Royal Gold Inc. in exchange for $150 million in cash and a significant reduction of royalties otherwise payable to Royal Gold on Barrick’s 100%-owned Cortez property. This transaction... Read more..

Royal Gold to Acquire Barrick Gold’s Royalty Portfolio

ROYAL GOLD, INC., the leading precious metals royalty company, announced that it has entered into a definitive agreement to acquire a portfolio of royalties from Barrick Gold Corporation (”Barrick”) for net cash consideration of $150 million and a restructuring of certain Royal Gold royalty... Read more..

Barrick Gold: Cadence Energy accepts its sweetened all-cash buyout offer of $407.8M

Canadian miner Barrick Gold Corp.told the press that oil and natural gas producer Cadence Energy Inc. has accepted its sweetened buyout offer. Toronto-based Barrick formalized its offer to buy Cadence for 410 million Canadian dollars ($407.8 million), or 6.75 Canadian dollars ($6.70) per share. Previously,... Read more..

Barrick Gold Corporation on its cash offer

Barrick Gold Corporation told the press that it has entered into a support agreement with Cadence Energy Inc. (”Cadence”) for the all cash offer of $6.75 per share submitted to the Board of Cadence on July 17, 2008. The Board of Directors of Cadence has unanimously determined that Barrick’s... Read more..

Barrick Gold Corp to appoint its new exec vice chairman

Barrick Gold Corp, one of the world’s largest leading gold mining company, is scheduled to appoint its new executive vice chairman. as it was said Friday its board of directors has appointed Greg Wilkins as executive vice chairman, following his resignation as president and chief executive officer. Wilkins,... Read more..