Published on May 9, 2018
We are excited to announce a new partnership that will help make the Stibnite Gold Project a reality and get Midas Gold across the permitting and feasibility finish line. This week, Barrick Gold Corporation agreed to purchase 46,551,731 common shares of Midas Gold Corp, approximately 19.9 percent of the total common shares.
Midas Gold remains independent and will permit, construct and operate the Stibnite Gold Project. This investment by Barrick is a strategic decision that allows Midas Gold to maintain all operational control of the Stibnite Gold Project. Like other Midas Gold investors, Barrick has invested equity but decisions regarding the future of the Stibnite Gold Project will continue to be made by Midas Gold staff and board members here in Idaho.
From each investor to every Idahoan cheering us on, we are grateful for the support we receive as we move toward the finish line.
Here is a graph with a breakdown of our investors.
To read the full details on today’s announcement, please visit: https://midasgoldcorp.com/investors/news/2018/barrick-makes-strategic-investment-in-midas-gold-to-advance-the-stibnite-gold-project-idaho/.
