M&A Deal Summary

Barrick Acquires Randgold Resources

On September 24, 2018, Barrick acquired metals/mining company Randgold Resources for 6.0B USD

Acquisition Highlights
  • This is Barrick’s 1st transaction in the Metals/Mining sector.
  • This is Barrick’s largest (disclosed) transaction.
  • This is Barrick’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2018-09-24
Target Randgold Resources
Sector Metals/Mining
Buyer(s) Barrick
Deal Type Merger
Deal Value 6.0B USD
Advisor(s) Norton Rose Fulbright
Stikeman Elliott LLP
Ogier (Legal)

Target

Randgold Resources

St. Helier, United Kingdom
website
Randgold Resources Ltd. is a gold mining company. Randgold has built 5 mines – all but one developed on deposits discovered by its own geologists, while the reserves of the fifth, Kibali, were more than doubled by the Randgold exploration team after its acquisition.

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Buyer(S) 1

Buyer

Barrick

Toronto, Ontario, Canada

website

Category Company
Founded 1983
Sector Metals/Mining
Revenue 12.0B USD (2021)
DESCRIPTION

Barrick operates mines and advanced exploration and development projects on five continents, and holds large land positions on some of the most prolific and prospective mineral trends. Barrick was incorporated in 1983 and is headquartered in Toronto, Canada.

DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Merger) 1 of 1
Country (United Kingdom) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-23 Barrick - Snip Property

British Columbia, Canada

Barrick - Snip Property is a gold mine in northwest British Columbia. The property consists of one mining lease and four mineral tenures totalling approximately 1,932 hectares in the Liard Mining Division. The Snip mine produced approximately 1 million ounces of gold from 1991 until 1999 at an average gold grade of 25 g/t at a 12 g/t reserve cut-off.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-13 Barrick Gold - Massawa Gold Project

Senegal

Barrick Gold Corp. - Massawa Gold Project is a high-grade open-pit gold project located in Senegal.

Sell -
Mergr

Product

Company

Legal