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TOP NEWS: Randgold Shareholders Approve Barrick Gold Merger

Wed, 7th Nov 2018 14:52

LONDON (Alliance News) - Randgold Resources Ltd on Wednesday said its shareholders have given the thumbs up to its planned merger with Barrick Gold Corp.

Of those who voted, 95% approved the merger, with 5% against. Turnout was almost 100%.

The merger - announced in late September - will create a giant USD18.3 billion gold mining company to be named Barrick Group, headed up by current Randgold Chief Executive Mark Bristow.

Shares were 0.3% higher on Wednesday at 6,294.00 pence each. Randgold will leave the London Stock Exchange once the merger is complete.

By George Collard;

Copyright 2018 Alliance News Limited. All Rights Reserved.

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