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Barrick Gold Corporation (NYSE:GOLD) will acquire Acacia Mining plc (OTC:ABGLF) for $428 million.
Since March of 2017, the business and operations of Acacia have been materially affected by the ongoing disputes with the Government of Tanzania. Acacia says it continues to favor a negotiated resolution to the company's dispute with the Government of Tanzania.
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Barrick Gold is still negotiating with the Government of Tanzania to settle a dispute, which has seen Acacia banned from exporting gold and copper.
Barrick Gold shares were trading down 1.57% at $16.95 in Friday’s pre-market session.
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Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.