African Barrick looks to transformational deal

[miningmx.com] – AFRICAN Barrick would look for a “transformational deal” in Africa next year, said Bloomberg News citing the gold company’s CEO, Brad Gordon.

“Next year we will start to look around,’ said Gordon. “When and if we do a deal it will be a transformational deal, and it will be in Africa,’ he said adding that it would look to raise annual production to one million ounces.

Speaking in June to Miningmx, Gordon said: “Randgold [Resources] is a very good at what it does, but there’s space in the sector for a new player.

“Once we get our own backyard fixed, which we plan to do in 18 months, we have ambitions to become a player in any consolidation that occurs in Africa.”

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