Acacia Mining acquired by Barrick Gold for approximately US$428M

On September 17, 2019, Acacia Mining completed the sale of its remaining outstanding shares under a scheme of arrangement to Barrick Gold for approximately US$428 million. Barrick had previously held a 63.9% majority stake in Acacia. Acacia's shares were subsequently delisted from the London Stock Exchange's Main Market.

Acacia Mining is a public gold producer. It operates three mines in Tanzania as well as exploration projects in Kenya, Burkina Faso and Mali.

Headquartered in Toronto, Barrick Gold is a major international gold mining company with operations and projects in 15 countries.

McCarthy Tétrault LLP advised Acacia Mining with a team led by Adam Taylor that included Shea Small (Business) and Raj Juneja (Tax).