LSE-listed Acacia Mining says it “strongly disagrees” with a number of matters set out in a recent announcement by parent company Barrick Gold, adding that the announcement “appears to have ignored the value of [Acacia’s] portfolio of exploration and development assets, and the strategic value of the company’s pre-emption rights pursuant to the relationship agreement between Acacia and Barrick”. Acacia noted in a statement to shareholders, issued on Monday, that it continues to believe that, subject to an offer price that is “fair and which commands the requisite support of shareholders”, the acquisition by Barrick of the Acacia shares it does not currently own, would be an attractive solution for key stakeholders.
