December 8th, 2021 | 12:53 CET
Tembo Gold, Barrick Gold, Valneva - Sensation on the gold market
Gold mining companies have been in the shadows for months, the gold price is consolidating, and investors are looking for higher-yielding investments such as equities or cryptocurrencies. But behind the scenes, things are bubbling up. Gold producers are sitting on a mountain of cash and looking for interesting takeover targets at current levels. Now, one company has announced a milestone in its history.
time to read: 2 minutes | Author: Stefan Feulner
ISIN: TEMBO GOLD CORP. | CA87974N4057 , BARRICK GOLD CORP. | CA0679011084 , VALNEVA SE EO -_15 | FR0004056851
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Author
Stefan Feulner
The native Franconian has more than 20 years of stock exchange experience and a broadly diversified network.
He is passionate about analyzing a wide variety of business models and investigating new trends.
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A detour to the goal
"Good things come to those who wait!" We already used this quote weeks ago in one of our reports about the exploration company Tembo Gold. The Canadians put a stop to their exploration work for a whole seven years. The reason was the negative attitude of the old government of Tanzania towards the mining sector, which led to delays in exploration programs and a virtual flight of international investors. Now that a new head of state is wielding the wand, there is a gold rush atmosphere. New investment is up 725%, and mining is experiencing an unparalleled renaissance.
The eponymous Tembo Gold Project is located in Tanzania's Lake Victoria goldfield alongside some of the world's largest high-grade gold deposits, Barrick Gold's Bulyanhulu mine and AngloGold Ashanti's Geita gold mine. Tembo Gold's management used the downtime to expand the property from 110 sq km to 174 sq km. In addition, 54 new drill targets were identified using artificial intelligence technology. Since October, Tembo Gold has been revamping its mining camp to resume a** 7,000m drilling program to follow up on previous drilling totaling 50,000m.
Spectacular Barrick Deal
Now that Tembo Gold is back on track operationally, an accolade for the Company followed with the currently announced news. For USD 6 million, Barrick is acquiring from Tembo a total of six licenses directly adjacent to Barrick's world-class Bulyanhulu mine in Tanzania! A six-pointer in the lottery for the exploration company that has been shaken in the past.
In addition, Barrick will become a shareholder of Tembo. Upon signing the purchase agreement, Barrick's subsidiary Bulyanhulu Gold Mine Limited agreed to subscribe for common shares of Tembo in a private placement at a price of CAD 0.27 per common share. Barrick is acquiring a total of 5,518,764 shares, bringing its stake in the company to 5.5%. The future of the partnership with the major also looks bright. The world's second-largest gold producer made a commitment to invest at least USD 9 million in the newly acquired license area over the course of four years following the closing of the transaction. In a best-case scenario, Tembo Gold could draw a total contingency of USD 45 million from this.
Tembo's share market capitalization is currently a manageable EUR 17.39 million. So far, the market has not yet recognized the potential of this historic deal. In view of a rising gold price, Tembo is certainly an interesting stock to add to a portfolio.
Historic deal in the vaccine sector
Vaccine manufacturer Valneva is also going from strength to strength. In the young history of the Company, this would also be a historic step. The vaccine producer has signed a new preliminary agreement for its vaccine VLA2001. Bahrain wants to order the inactivated vaccine, which would mark the first deal outside Europe.
Valneva has reportedly initiated a rolling approval process with the Bahrain National Health Authority (NHRA). Franck Grimaud, chief business officer at the European vaccine developer, is considering a delivery for the first quarter of 2022, according to the press release. In total, the Middle Eastern kingdom wants one million doses of the inactivated vaccine. A recommended report on vaccine manufacturer Valneva is currently available to read at researchanalyst.com.
Although the gold price is still consolidating, a lot is happening in the background in the gold market. The big gold producers are sitting on mountains of cash and want to put this into acquisitions. Tembo Gold reached a milestone with the entry of Barrick Gold. Valneva is getting more and more encouragement for its dead vaccine.
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