R:TSX

Romarco Minerals Inc.

Romarco Minerals Inc. is a gold development company primarily focused on production in the United States. The company has completed a positive feasibility study, received all major permits and secured financing commitments for its flagship project, the Haile gold mine in South Carolina. Romarco's current construction schedule contemplates first production during Q4/16.

Expert Comments:

Mike Parkin, Desjardins Securities (8/25/15)
"Romarco Minerals Inc. provided an update on the construction of its Haile gold mine project, highlighting that the project remains on schedule and on budget. . .the company has an open bid on it from OceanaGold Corp., whereby Romarco shareholders will receive 0.241 of a common share of OceanaGold for each common share, giving Romarco shareholders 49% of the combined company if the deal closes. . .OceanaGold closed yesterday at CA$2.38, implying an offer price of CA$0.57, a 6% premium to Romarco's closing price of CA$0.54."

Andrew Kaip, BMO Capital Markets (8/25/15)
"Romarco Minerals Inc.'s construction update reported that the pit development is 63% ahead of schedule with 163 Kt overburden moved (versus 100 Kt forecasted). Additionally, the water treatment plant and well depressurization were completed in July with water production now available through the construction phase."

"The transaction between OceanaGold and Romarco Minerals Inc. is interesting because OceanaGold is an Australian gold producer with assets in the Philippines and New Zealand. The company is buying, for almost CA$900M in an all-equity transaction, Romarco, which has the 4 Moz high-grade Haile deposit in South Carolina. I think the transaction shows that good quality deposits are very rare. Otherwise, an Australian company wouldn't enter new territory in the U.S. Also, I think this shows investors that good projects, despite dire market conditions, come at a premium. OceanaGold paid almost a 70% premium on the Romarco shares." read more >

Ubika Research (8/11/15)
"Romarco Minerals Inc. is set to be acquired by Australian-Canadian miner OceanaGold. . .in an all-stock transaction. . .valuing Romarco at CA$0.68/share, a 73% premium (using share prices on the day before the announcement). . .construction at the Haile gold mine project commenced in May and is on schedule."

Gwen Preston, Resource Maven (8/5/15)
"OceanaGold Corp.'s deal to buy Romarco Minerals Inc. values Romarco at CA$856M, representing a 71% premium to the stock's 30-day average price. . .the deal is really a merger to create a gold company producing 540,000 oz gold annually by 2017 at an industry-leading all-in sustaining cost of $600/oz or less. . .Romarco's share price jumped on the news. OceanaGold investors are less keen on the deal. . .what I see is a low-cost under-development gold mine in a safe jurisdiction being acquired for shares valued at significantly less than was spent exploring, permitting, and now building the mine. Bottom marker?"

Ryan Walker, Euro Pacific Canada (8/4/15)
"Romarco Minerals Inc. announced that it has entered into a definitive agreement to be acquired by OceanaGold Corp. via an all-share offer. . .the deal values Romarco at CA$856M, based on OceanaGold's closing share price of CA$2.83 per share on June 29. We view the bid positively as it represents a 71.8% premium to Romarco's 30-day value-weighted average price."

More Expert Comments

Experts Commenting on This Company

Ralph Aldis, Portfolio Manager, Gold and Natural Resources – U.S. Global Investors
Matt Badiali, Editor – Stansberry Research
Don Blyth, Analyst – Paradigm Capital
Eric Coffin, Owner – HRA Advisory
Adrian Day, Founder – Adrian Day Asset Management
Jessica Fung, Research Analyst – BMO Capital Markets
Doug Groh, Senior Research Analyst – Tocqueville Asset Management L.P.
John Hathaway, Senior Managing Director – Tocqueville Asset Management L.P.
Pav Jordan, Media Relations – BMO Capital Markets
Andrew Kaip, Analyst – BMO Capital Markets
Brien Lundin, Author Gold Newsletter (Jefferson Financial)
Chris Mancini, Research Analyst – Gabelli Gold Fund
Mike Parkin – Desjardins Securities
Gwen Preston, Founder – Resource Maven
Tony Robson, Managing Director and Co-Head for Global Mining Research – BMO Capital Markets
Lawrence Roulston – Quintana Resources Capital ULC
David Sadowski, Analyst – Raymond James
Florian Siegfried, Senior Portfolio Manager – AgaNola
Jamie Spratt, Analyst – Clarus Securities
Ron Stewart, Analyst – Macquarie Equity Research
Amanda van Dyke, Managing Director, Europe – Palisade Capital
Ryan Walker, Analyst – Euro Pacific Canada

The information provided above is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
Investing Highlights
 
High-Grade, Low-Cost Gold Mine
 
Fully Permitted & Funded World-Class Ore Body in USA
 
Strong Institutional Shareholder Base
catalyst Calendar
Q1
2015
Fully Permitted
Q1
2015
Fully Financed
Q2
2015
Q2
2015
Break Ground on Construction
Q3
2015
Q4
2015
Exploration Results
Romarco Minerals Inc. Content