The world’s second largest gold miner, Barrick Gold, on Tuesday announced that it would acquire shares in US-focused Midas Gold as part of the Vancouver-headquartered junior’s public offering of shares announced the previous day.
Barrick currently owns 46 551 731 shares of Midas, representing about 19.6% of the junior and will acquire a further 7 274 142 shares, taking its stake to about 19.9%.