https://www.miningweekly.com

Barrick sells Perpetua shares

8th June 2022

By: Mariaan Webb

Creamer Media Contract Publishing Editor

     

Font size: - +

Bullion miner Barrick Gold on Tuesday announced the disposal of 5 382 587 common shares of Idaho-focused Perpetua Resources for gross cash proceeds of C$21.73-million.

Immediately prior to the disposal, Barrick had beneficial ownership of, or control and direction over, about 8.5% of the issued and outstanding shares of Perpetua.

Barrick said that it sold its stake in Perpetua as part of its investment portfolio management.

“Depending on market conditions and other factors, including Perpetua Resources’ business and financial condition, Barrick may in future acquire securities of Perpetua Resources or dispose of some or all of the securities of Perpetua Resources that it may own at any such time,” the miner said.

Meanwhile, Perpetua welcomed investor Kopernik Global Investors as a new shareholder following a recent market purchase. 

"We are excited to welcome Kopernik as a shareholder," said Perpetua president and CEO Laurel Sayer.

"Perpetua shares are currently trading at a significant discount to the Stibnite gold project's value and this has been recognised. We believe this investment further supports our vision and superior value proposition."

The Stibnite project is currently progressing into the later stages of the permitting process, and the company anticipates the release of a supplemental draft environmental impact statement in the third quarter of 2022.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

ASTPM
ASTPM

Established in 1983, the ASTPM is an industry association and representative body of the welded carbon steel tube and pipe manufacturers of South...

VISIT SHOWROOM 
CSIR International Convention Centre (CSIR ICC)
CSIR International Convention Centre (CSIR ICC)

CSIR International Convention Centre (CSIR ICC) - the leading conference and events venue in Pretoria/Tshwane.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.046 0.982s - 110pq - 2rq
Subscribe Now