Canadian gold miner Alacer has rebuffed a takeover bid from OceanaGold.
ASX-listed OceanaGold on Friday confirmed it has made a number of approaches to Alacer since February but the Canadian company had not been willing to engage in discussions about a takeover.
Oceanagold said it would only pursue a takeover with the support of Alacer's board, which said it had no intention of agreeing to a takeover.
"Although approached from time to time by third parties, the corporation has no current intention of pursuing any corporate transaction," Alacer said in a statement.
OceanaGold is listed in Australia and Canada and operates two mines in New Zealand and one in the Philippines.
Alacer has one mine and several exploration projects in Turkey, and is listed in Canada but has Chess Depository Interests that trade on the ASX.
Shares in Alacer jumped 20.5 cents, or more than 10 per cent, to $2.13, while OceanaGold added eight cents to $2.64.
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