Perseus stokes $258m gold bidding war
Peter KerResources reporter
Perseus Mining boss Jeff Quartermaine says his $258 million takeover bid for African gold explorer OreCorp is “clearly” superior to the rival bid endorsed by directors of the target company.
OreCorp’s undeveloped Nyanzaga gold project in Tanzania is at the centre of a bidding war after Perseus confirmed long-held suspicions that it was willing to fight Toronto-listed Silvercorp Metals for control of OreCorp.
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Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com
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