AngloGold seeks to buy rest of Corvus to drive US projects
News24
14 Jul 2021, 05:42 GMT+10
AngloGold Ashanti is seeking to consolidate its investment in Canadian exploration company Corvus Gold in a $370 million cash deal to develop deposits in Nevada.
The world s No. 3 gold miner agreed to pay C$4 a share to buy stock it doesn t already own in Corvus, which is searching for gold in Nevada. The offer represents a 23% premium to Monday s closing price for the Vancouver-based explorer. AngloGold, which already owns 19.5% of Corvus, is pursuing the takeover as part of its strategy to grow reserves and build low-cost production, the Johannesburg-based firm said Tuesday in a statement.
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AngloGold submits offer to buy Corvus Gold - Canadian Mining Journal
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