Reunion Gold Announces Settlement Agreement With Barrick Gold Corporation
Portfolio Pulse from Benzinga Newsdesk
Reunion Gold Corporation has reached a settlement with Barrick Gold Corporation, resolving a claim brought by Barrick. The Strategic Alliance Agreement between the two companies, dated February 3, 2019, has been terminated with no outstanding obligations or properties involved. A consent dismissal order will be filed in the Ontario Superior Court to dismiss the claim.
December 20, 2023 | 12:40 pm
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NEUTRAL IMPACT
Barrick Gold Corporation has settled a legal claim with Reunion Gold Corporation, terminating their Strategic Alliance Agreement without any remaining obligations.
The settlement of the claim is likely to remove any uncertainty regarding the alliance with Reunion Gold, which could be seen as a neutral to slightly positive outcome for Barrick Gold. However, since there are no financial terms disclosed or significant assets involved, the impact is likely to be limited.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 70
NEUTRAL IMPACT
Reunion Gold Corporation has settled its legal dispute with Barrick Gold Corporation, leading to the termination of their Strategic Alliance Agreement.
The settlement with Barrick Gold removes legal uncertainties for Reunion Gold and terminates the Strategic Alliance Agreement. This could be seen as neutral for the stock as it eliminates potential legal risks, but the lack of disclosed financial impact or asset involvement limits the effect on the stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80