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Newcrest to buy Canadian gold miner Pretium in $US2.8 billion deal
By Nick Toscano
Sydney Morning Herald
Tuesday, November 9, 2021
Top Australian gold miner Newcrest has struck a $US2.8 billion deal to acquire Toronto-listed Pretium Resources, marking a major escalation of the company’s expansion plans in the Americas.
Melbourne-based Newcrest said today the cash-and-shares deal would lift its gold production volumes by about 15% to more than 2 million ounces of the precious metal a year.
... Dispatch continues below ...
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Awakening a Sleeping Giant in Ghana: Asante Gold Acquires Past-Producing Bibiani Mine
From Golden Opportunities / Gold Newsletter
Metairie, Louisiana
Tuesday, August 17, 2021
Asante Gold (ASE.CN; ASGOF.OTC) has just acquired a past-producing gold mine in Ghana that boasts near-term production potential and huge upside.
With the move, Executive Director Malik Easah is seeking to repeat his success with Cardinal Resources, another gold company with a Ghana project that he recently sold for A$600 million.
It’s a deal that came like a bolt from the blue.
Just a few weeks ago Asante Gold catapulted itself from a relatively sleepy gold story into a major development-stage company set to breathe new life into Ghana's huge, past-producing Bibiani mine. ...
... For the remainder of the report:
https://goldnewsletter.com/go081721/
Newcrest's offer of $C18.50 a share, a 22.5% premium on Pretium's last closing price, has been recommended by Pretium's board of directors. Newcrest, which already owns 4.8% of Pretium, said the deal valued the company at $US2.8 billion. Newcrest shares closed 1.58 per cent weaker at $24.96. ...
... For the remainder of the report:
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