Dahlman Rose Comments On Metals & Mining Industry (ABX, EQN, NEM, NG)

Dahlman Rose provided color on the Metals & Mining sector in an industry update published today. In the report, Dahlman Rose covered Barrick Gold's

acquisition offer of Equinox Minerals

, Newmont Mining's

better-than-expected Q1 2011 results, and NovaGold Resources'

PEA completion of its Ambler project. In regards to Barrick Gold and Equinox Minerals, Dahlman Rose states, "The offer from Barrick is friendly and Equinox will withdraw its bid for Lundin. Barrick will fund the acquisition with $5Bn of bridge loan ($3.5Bn) and 5 year revolver ($1.5Bn), to be refinanced with public debt. The offer is expected to commence on April 26, conditional on 67% of Equinox shareholder approval." Dahlman Rose has previously given Barrick Gold and NovaGold Resources a Hold rating, and has given Newmont Mining a Buy rating.