Canada's second largest gold company Placer Dome has accepted a takeover bid by Barrick Gold after the Toronto-based mining company boosted its offer by more than 12 percent to 10.4 billion US dollars.

If the transaction is completed, it will make Barrick the biggest gold company in the world, Canadian Broadcasting Corporation (CBC) reported on Thursday.

Immediately following the announcement, Vancouver-based Goldcorp confirmed that it will acquire some of Placer Dome's assets from Barrick for about 1.48 billion US dollars after the deal is completed. That is about 135 million US dollars more than originally agreed.

The assets include the company's interest in the Campbell, Porcupine and Musselwhite mines in Ontario, as well as a 50 percent interest in the La Coipa gold and silver mine in Chile and a 40 percent interest in the Pueblo Viego project in the Dominican Republic.

Placer Dome CEO Peter Tomsett said the deal "provides Place Dome shareholders an attractive premium for their shares and an ongoing stake in a dynamic and growing company."

Barrick CEO Greg Wilkins said the company will implement an integration plan "to capture the substantial synergies as soon as possible and achieve value creation for all shareholders."

Barrick unveiled its 9.2 billion US dollars bid in October.

Source: Xinhua