Barrick confirms it's considering bid for Newmont

Section:

By Ed Hammond, Scott Deveau, Dinesh Nair, and Danielle Bochove
Bloomberg News
Friday, February 22, 2019

Barrick Gold Corp., the world's second-largest gold producer, confirmed today tdhat it has considered a bid for Newmont Mining Corp. as the Canadian mining giant looks for ways to boost production.

Barrick has reviewed the opportunity to merge with Newmont in an "all-share nil premium transaction," but no decision was taken, the company said in a statement. One possibility that Barrick has studied would involve teaming up with a partner, such as Newcrest Mining Ltd., in a bid for Newmont, people familiar with the matter said earlier.

... Dispatch continues below ...



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First Vanadium Acquires Strategic Land Position
Extending the Carlin Vanadium Deposit in Nevada

Company Announcement
Thursday, January 31, 2019

VANCOUVER, British Columbia, Canada -- First Vanadium Corp. (TSXV: FVAN, OTCQX: FVANF, FSE: 1PY), formerly Cornerstone Metals Inc., has made a strategic acquisition of the southern extension of the Carlin Vanadium deposit 6 miles south of Carlin, Nevada.

The company has gained mineral rights to an additional 200-meter strike length of the Carlin Vanadium deposit through an access and mineral lease agreement to approximately 80 acres of private (fee simple) land immediately adjacent to the Carlin Vanadium property (called the Cole Creek property). Six vertical holes drilled by Union Carbide in the 1960s on this adjacent ground demonstrated a southern continuance of the Carlin Vanadium deposit with thicknesses ranging from 10.67 meters to 28.96 meters (average 18.54 meters or 60.8 feet) and grades ranging from 0.37 to 0.82 percent vanadium oxide (average 0.57 percent V2O5). ...

... For the remainder of the announcement:

https://www.firstvanadium.com/index.php/news/2019/485-



Greenwood Village, Colorado-based Newmont has a market value of almost $19 billion. Newmont's shares climbed 3.8 percent before regular trading in New York, while Barrick slipped. ...

... For the remainder of the report:

https://www.bloomberg.com/news/articles/2019-02-22/barrick-gold-is-said-...

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