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Gold/Mining/Energy : Gold Price Monitor

GDXJ 93.43

-4.5%

Nov 20 4:00 PM EST

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To: Richnorth who wrote (1384)	11/8/2000 6:46:00 AM
From: long-gone	Read Replies (1) of 116764

Wednesday November 8, 5:39 am Eastern Time Gold titans circle UK explorer Brancote (UPDATE: Adds background on Brancote, possible bidders, share price) LONDON, Nov 8 (Reuters) - British miner Brancote Holdings Plc said on Wednesday it was in talks with three North American gold majors about a possible takeover bid for the company. It said the talks were at an early stage and could take two months before completing due diligence on the company and on its main asset, the Esquel gold project in Argentina. Brancote shares surged over 10 percent on the news and were up 17 pence at 166p per share in morning trade, valuing the company at about 100 million pounds ($142.2 million). Managing director Bill Humphries declined to name any of the prospective bidders but said they were all multinationals. Major North American gold miners include Placer Dome Inc (Toronto:PDG.TO - news), Barrick Gold Corp (Toronto:ABX.TO - news), Franco-Nevada Mining Corp (Toronto:FN.TO - news) and Newmont Mining Corp (NYSE:NEM - news). Brancote owns 60 percent of the (cont) biz.yahoo.com

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