Newmont CEO calls Barrick move 'desperate'

Section:

By Ed Hammond
Bloomberg News
Sunday, February 24, 2019

The chief executive officer of Newmont Mining Corp. labeled a potential takeover attempt by rival gold miner Barrick Gold Corp. as a "desperate" and "bizarre" move aimed at complicating his company's pending deal to acquire Goldcorp Inc.

In his first interview since Barrick confirmed Friday it has considered a bid for Newmont, Gary Goldberg said he is focused on completing the Goldcorp takeover and questioned whether Barrick's management is equipped to run a combined Newmont-Barrick.

... Dispatch continues below ...



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First Vanadium Acquires Strategic Land Position
Extending the Carlin Vanadium Deposit in Nevada

Company Announcement
Thursday, January 31, 2019

VANCOUVER, British Columbia, Canada -- First Vanadium Corp. (TSXV: FVAN, OTCQX: FVANF, FSE: 1PY), formerly Cornerstone Metals Inc., has made a strategic acquisition of the southern extension of the Carlin Vanadium deposit 6 miles south of Carlin, Nevada.

The company has gained mineral rights to an additional 200-meter strike length of the Carlin Vanadium deposit through an access and mineral lease agreement to approximately 80 acres of private (fee simple) land immediately adjacent to the Carlin Vanadium property (called the Cole Creek property). Six vertical holes drilled by Union Carbide in the 1960s on this adjacent ground demonstrated a southern continuance of the Carlin Vanadium deposit with thicknesses ranging from 10.67 meters to 28.96 meters (average 18.54 meters or 60.8 feet) and grades ranging from 0.37 to 0.82 percent vanadium oxide (average 0.57 percent V2O5). ...

... For the remainder of the announcement:

https://www.firstvanadium.com/index.php/news/2019/485-



"They haven't delivered," Goldberg said.

"It's a desperate and bizarre attempt to muddle up our deal," he said, "And it's certainly not the sort of behavior that will appeal to investors who want to invest in serious, well-run companies." ...

... For the remainder of the report:

https://www.bloomberg.com/news/articles/2019-02-25/newmont-ceo-calls-bar...

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