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.”

Is it a good time to buy gold stocks?

Learn to profit from gold’s low price this year!

Give me my free report!

“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.

Read More

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.

  Categories:

Related Items

Zooming Out - Is A Major Market Top In?

One of the things I have focused on when examining the US market as well as other markets around the world is the tops that have been created in the last 20 years.  There are multiple ways to look at tops. Rear view mirrors are great, but more importantly, can you mark significant tops on a ti ...

Can earnings season stop the market’s decline?

Markets are crashing! Sell your stocks! The world is coming to an end! There’s a good chance you’ve heard at least something like this over the last week, whether from cable TV, a business news website or your panicked friend who wants to pull everything out of the market. Stocks have taken a t ...

Some Commodities Drift Higher 2018-10-13 CC Video

Well, a bruising week in equities bruised commodity related stocks but the commodities themselves held up fairly well. ETF's which hold stocks like SLX, KOL, NLR, URA, XLE, XOP, FCG all pulled back.  Precious Metals did better. Gold actually broke through a small 2 month resistance line to close h ...

Why “72” is the most important number for investors

The year 1972, for those of us old enough to remember, was a year that will forever be etched in our brains as the most important year in hockey history. It was the year of the famous Summit Series between Canada and the former Soviet Union. The Summit Series was organized to determine true hockey ...

Gold Starts To Run 2018-10-11 CT Video

The Canadian market has been hit hard. The $TSX is currently 200 points away from the highs of 2008. Thats hard to have 10 years with little progress.  The weekly PPO went negative this week which is another reason to be less optimistic for a fall rally. On a weekly chart, the trend is the bi ...

Monday Blues

Overview: Despite the pre-weekend gains that lifted the S&P 500 above its 200-day moving average, global equities are moving lower today.  The main news over the weekend included the US renewing its threat to impose more tariffs on China and Saudi Arabia threatening retaliation for any sanct ...

Monday: Retail Sales, NY Fed Mfg Survey

Weekend:• Schedule for Week of October 14, 2018Monday:• At 8:30 AM ET: Retail sales for September will be released.  The consensus is for a 0.6% increase in retail sales.• At 8:30 AM ET: The New York Fed Empire State manufacturing survey for October. The consensus is for a reading of 19.3, up ...

Vietnam’s plastic end-users set to gain as US-China trade spat intensifies

The global plastics supply chain is changing as the US-China trade war intensifies, and Vietnam’s plastic resin end-users are poised to benefit. While Vietnam is already a manufacturing hub for plastic finished goods due to its low labor costs and business-friendly environment, the recent trade w ...