Barrick Gold Advises Against TRC Capital’s Below-Market Mini-Tender Offer

Barrick Gold ( (TSE:ABX) ) has provided an update.

Barrick Gold Corporation has received an unsolicited mini-tender offer from TRC Capital Investment Corporation to purchase 5,000,000 common shares at a below-market price of C$21.35 per share. Barrick advises its shareholders to reject this offer, highlighting that it is not affiliated with TRC Capital and expressing concerns over the discounted offer, which is 4.52% and 4.38% below recent market prices on the Toronto and New York Stock Exchanges, respectively. The company aligns with guidance from Canadian and U.S. securities authorities, which warn investors about the potential risks associated with such mini-tender offers, urging them to exercise caution and seek professional financial advice.

More about Barrick Gold

Barrick Gold Corporation is a leading company in the gold mining industry, with a strong presence in the market through its exploration and production of gold and copper. The company is known for its global operations and commitment to sustainability and innovation in the mining sector.

YTD Price Performance: -1.57%

Average Trading Volume: 21,029,619

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $27.51B

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