Barrick 'back to the future' with Randgold union

SHAREHOLDERS of mining major Barrick Gold have overwhelmingly approved the proposed US$6.1 billion share-for-share merger with Africa-focused Randgold Resources.

Barrick 'back to the future' with Randgold union Barrick 'back to the future' with Randgold union Barrick 'back to the future' with Randgold union Barrick 'back to the future' with Randgold union Barrick 'back to the future' with Randgold union

More than 99% of shareholders voted Monday to approve the share issuance related to the transaction and the continuance of Barrick under British Columbia business law.

"Today marks an important step in our journey of taking Barrick back to the future.The combination of Barrick and Randgold will create the compelling gold investment," executive chairman John Thornton said during a special meeting of shareholders.

Barrick said 99.8% of the votes cast, representing about 683.04 million votes, were cast in favour of the merger, and 99.2% voted in favour of the continuance in BC.

The merger was expected to be completed on January 1, 2019, subject to approvals by Randgold shareholders, the Royal Court of Jersey and other customary closing conditions.

Randgol...