Sunday, 30 November 2014

Randgold & Acacia (African Barrick) Look to African Gold Aquisitions

Article at Bloomberg
“If you’re looking for producing assets, they’ve never been cheaper,” said Brad Gordon, head of African Barrick Gold Plc, just renamed Acacia Mining Plc. “Now is the time to be contrarian and pick up some of the best ground in Africa.”.........Acacia’s chief executive officer isn’t the only one on the prowl. Randgold CEO Mark Bristow said last week his company had a war chest of more than $500 million to spend on deals, a figure Gordon said Acacia could match for the right asset.

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