“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.
Sunday 30 November 2014
Randgold & Acacia (African Barrick) Look to African Gold Aquisitions
Article at Bloomberg
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