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0 0.0010057200326859 0.0010057200326859 0.0010057200326859 -0.00339430511031493 -0.00339430511031493 -0.00339430511031493 -0.00339430511031493
Stock impact report

Surging gold and silver prices expected to spur more mining takeovers [Globe and Mail, The (Toronto, Canada)]

Allied Gold Corporation Common Shares (AAUC) 
Mining M&A reshaped the Canadian industry last year, with 803 transactions valued at $61.2-billion, according to a recent report from Bennett Jones LLP. DAVID GRAY/AFP/Getty Images On Monday, China's Zijin Gold International Co. made a $5.5-billion offer for Toronto-based Allied Gold Corp. , the ninth billion-dollar-plus takeover involving a domestic gold miner in the past 13 months. With gold hitting record prices of more than US$5,000 an ounce and silver prices also on a tear, the share price of large precious metal miners is soaring, along with their cash flow and profit margins. Is it too late to hop on the gold bandwagon? Senior miners are now valued at a significant premium to junior miners, most of which are years from producing an ounce of anything. That valuation gap is feeding the current M&A boom. Potential mid-tier targets highlighted by analysts over the past 12 months include Vancouver-based companies Artemis Gold Inc. , which has a $10.3-billion valuation, Ske Show less Read more
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