| OceanaGold to acquire Romarco for its U.S.-based gold project | |
| | |
|
July 30 (Reuters) - Australian-Canadian miner OceanaGold Corp has agreed to buy Romarco Minerals Inc for around C$856 million ($657.20 million), getting its hands on a low-cost gold mine that is being built in a low-risk jurisdiction. Romarco is building an open-pit gold mine at its Haile Gold project in South Carolina, which is expected to produce around 540,000 ounces of gold a year by 2017 at an all-in sustaining cost of less than $600 an ounce. That compares to a gold price on Thursday of $1,093 an ounce. The all-share deal, equal to 68 Canadian cents a Romarco share, is a 73 percent premium on Romarco's closing share price on Wednesday. OceanaGold shareholders will end up with 51 percent of the enlarged company, and Toronto-listed Romarco the rest. OceanaGold brings to the deal free cash flow from its existing operations and access to lower-cost financing that will help to fund construction of the Haile mine at a time when mine financing is expensive due to weak metals prices. The deal includes a C$34 million termination fee. National Bank Financial acted as OceanaGold's financial advisor. RBC Capital Markets was Romarco's. ($1 = 1.3025 Canadian dollars) (Reporting by Nicole Mordant in Vancouver; Editing by David Gregorio)
|
|
|
Romarco Minerals Inc
|
|
EN DÉVELOPPEMENT |
CODE : R.TO |
ISIN : CA7759032062 |
|
| |
ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Romarco Min. est une société d’exploration minière d'or basée au Canada. Romarco Min. détient divers projets d'exploration au Mexique. Son principal projet en développement est HAILE en USA et ses principaux projets en exploration sont PINE GROVE en USA et PINOS GOLD DISTRICT au Mexique. Romarco Min. est cotée au Canada. Sa capitalisation boursière aujourd'hui est 2,7 millions CA$ (3,0 millions US$, 2,5 millions €). La valeur de son action a atteint son plus haut niveau récent le 12 novembre 2010 à 2,88 CA$, et son plus bas niveau récent le 01 janvier 2018 à 0,01 CA$. Romarco Min. possède 265 030 000 actions en circulation. |