A judge in Mali ordered in June that Barrick’s Loulo-Gounkoto gold mine be placed under interim administration for six months.
Under the agreement announced Monday, Barrick said all charges against the company, its affiliates and employees will be dropped, and steps will be taken to release four detained Barrick employees. It also said interim management of the Loulo-Gounkoto complex would be terminated and operational control would be handed back to the company.
Barrick said its subsidiary would withdraw arbitration claims pending at the International Center for Settlement of Investment Disputes.
Alimentation Couche-Tard’s second quarter revenue was $740.6 million, up year-on-year
Alimentation Couche-Tard Inc. (TSX: CTD)
Second quarter data:
- profit: US$740.6 million (US$708.8 million in the same period last year)
- sales volume: $17.9 billion (up from $17.4 billion)
Alimentation Couche-Tard Inc. said second-quarter net income attributable to shareholders was $740.6 million, compared with $708.8 million in the same period last year. Net profit attributable to shareholders was 79 cents per share, up from 75 cents in the same period last year.
The Laval, Quebec-based company, which keeps its books in U.S. dollars, said revenue for the period ended Oct. 12 was $17.9 billion, up 2.6% from $17.4 billion a year earlier.
Total goods and services revenue in the second quarter was US$4.7 billion, a year-on-year increase of 6.6%.
Couche-Tard CEO Alex Miller said the company reported its second consecutive quarter of same-store sales growth across all regions.
Couche-Tard Chief Financial Officer Filipe Da Silva said in a press release that the company repurchased nearly $900 million in stock during the quarter.
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Blue Ant Media Group signs agreement to acquire Thunderbird Entertainment for $89 million
Blue Ant Media Corp. has signed a stock and cash agreement to acquire Thunderbird Entertainment Group Inc. worth $89 million. Blue Ant CEO Michael MacMillan said the acquisition of Thunderbird is expected to provide greater scale and complementary capabilities, thereby strengthening Blue Ant’s studio business and improving its earnings and cash flow.
Vancouver-based Thunderbird production companies include Atomic Cartoons and Great Pacific Media.
Under the deal, Thunderbird shareholders will have the option of receiving 0.2165 of a Blue Ant subsidiary voting share, $1.77 in cash or a combination of the two for each Thunderbird share held. The offer provides a maximum cash limit of $40 million.
The transaction is subject to shareholder approval and customary closing conditions, including court and regulatory approvals. The transaction is expected to close in the first quarter of 2026.
Brookfield and GIC make takeover bid for Australia’s National Storage REIT
Canada’s Brookfield and Singapore’s sovereign wealth fund GIC have made an acquisition offer for Australian self-storage company National Storage REIT, valuing it at approximately A$4 billion (approximately C$3.7 billion).
National Storage confirms receipt of an unsolicited, non-binding, indicative and conditional proposal. The company has more than 270 warehousing centers across Australia and New Zealand and approximately 94,500 residential and commercial customers.
Under the terms of the offer, National Storage security holders will receive A$2.86 in cash for each stapled security.
The offer is made on the basis that dividends or distributions of six Australian dollars may be paid, in which case the cash payable per stapled security will be reduced by the same amount.
