PRECIOUS METALS

AngloGold increases Corvus bid to C$4.10

AngloGold Ashanti has entered into a definitive arrangement to acquire the 80.5% of Corvus Gold it does not already own for C$4.10 per share in cash, a transaction valuing the target company at C$570 million (US$450 million).

Corvus Gold's North Bullfrog project in Nevada, USA

Corvus Gold's North Bullfrog project in Nevada, USA

AngloGold increased its bid by 10c from an initial C$4 per share bid in July and will spend about US$370 million on the transaction. AngloGold said combining Coruvs' Mother Lode and North Bullfrog projects...

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