Mining M&A Heats Up: Does 3 Deals Make a Trend?

Oct 11 23:10 2018 Print This Article

By Charlotte McLeod

The last week of September and the first week of October brought three major deals in the precious metals space, with the biggest by far being the US$18.3-billion tie up of Barrick Gold (TSX:ABX,NYSE:ABX) and Randgold Resources (LSE:RRL).

That merger came the same day as Great Panther Silver’s (TSX:GPR,NYSEAMERICAN:GPL) acquisition of Beadell Resources (ASX:BDR) and was followed closely by Americas Silver’s (TSX:USA,NYSEAMERICAN:USAS) purchase of Pershing Gold (TSX:PGLC,NASDAQ:PGLC).

The onslaught of M&A activity has investors wondering if more could be in store — and the general consensus from market watchers seems to be “yes.”

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“It’s funny, there’s been three deals in a week and we haven’t had three deals all year,” Darren Blasutti, president and CEO of Americas Silver, said after his company’s news hit the market.

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About Article Author

Junior Mining News

Dudley Pierce Baker is the founder and editor of Common Stock Warrants and a 1967 graduate of St. Mary’s University in San Antonio, Texas with a major in accounting. A former for IRS agent, Baker has 35 years or so of accumulated knowledge and experience in trading stocks, options, leaps, futures, options on futures and of course, warrants. In March 2005, he founded and launched this new investment Market Data Service, Precious Metals Warrants, which provides the detail on all mining and energy company Warrants trading on the U.S. and Canadian Exchanges. As an investor, Baker looked all over for helpful information about US-Canada mining and energy industry's; he, therefore, proceeded to accumulate the sources of the information and then to build the website into a user-friendly place to get the details on all warrants trading on the mining and energy companies.


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