Western Copper and Gold Corp T.WRN

Bidding War Appears Key for GB, How about us?

[EvenSteven27]

Casino is a far superior project to Great Bear’s project and they arranged a great deal for their stockholders. Kudos to them. But if they did it, why can’t we?

Inside the intense bidding war for Great Bear Resources that saw Kinross Gold emerge as winner

NIALL MCGEEMINING REPORTER

PUBLISHED DECEMBER 17, 2021

The intense competition for the extremely early-stage Great Bear, which has no proven gold reserves at its Dixie project, illustrates how rare big gold finds are becoming worldwide.HANDOUT

Five major mining companies engaged in an intense bidding war for Red Lake exploration company Great Bear Resources Ltd. 

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, with Kinross Gold Corp. 

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eventually emerging the winner last week.

 

Three sources familiar with the talks said Canadian heavyweights Barrick Gold Corp. 

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and Agnico Eagle Mines Ltd. 

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, as well as Australia’s Evolution Mining Ltd. 

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and Newcrest Mining Ltd. 

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, were offered the opportunity to bid on Great Bear. The parties were given access to Great Bear’s confidential data, conducted site visits at Red Lake in Northwestern Ontario and almost all tabled formal offers.

 

The Globe and Mail is not identifying the sources as they were not authorized to speak publicly on the matter. Kinross, Barrick, Agnico and Evolution declined to comment. Newcrest did not respond to a request for a statement.


once again, a precedent has been set.

[jclarke042]

Steve - any chance you can cut & paste the whole text? Tried clicking the link, it's paywalled

[EvenSteven27]

Much obliged! Inside the intense bidding war for Great Bear Resources that saw Kinross Gold emerge as winner   Niall McGee   Mining Reporter Published December 17, 2021   Five major mining companies engaged in an intense bidding war for Red Lake exploration company Great Bear Resources Ltd. GBR-X -0.03%decrease , with Kinross Gold Corp. K-T +0.14%increase eventually

[jclarke042]

Thanks Steve, some great takeaways here. Above all, there's obviously no competition for WRN. 5 bidders in play for GBR, wonder when word started leaking out among each of the 5. Q1 is our last best chance to get FOMO going.

[EvenSteven27]

This should be: Fear Of Missing Out for Majors. Believe this is what may have motivated Kinross. Get in early before the big cats a few years later. Also, believe this may indicate a turning plate for juniors, especially Copper and Gold. Before juniors depended on majors like an up-and-comer trying to negotiate a deal to the big league. Now, with much more demand for these metals, juniors are