TSXV:AXM.H - Post by User
Post by
Easy2Mineon Oct 16, 2012 8:35am
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Post# 20487569
Deal Making in Gold Sector Surfacing
Deal Making in Gold Sector Surfacing Look no further than yeterdays announcement that Argonaut Gold will Buy Prodigy Gold for a Whopping $341 Million. Prodigy's Project contains 6.3M oz of Gold in the Indicated Category. Not even Reserves. Indicated resources, based on detailed exploration and testing information, are sufficient only to support feasibility studies at this Point. Pretty agressive Move by Argonaught.
Although Geographically different this deal Highlights that Axmins Desposit look extremely Undervalued in the context of the Market.
And lets not forget Endeavour Mining Corp.’s recent deal to acquire Avion Gold Corporation for $389-million ias it builds out gold mining assets in West Africa.
Deal-making is returning to the gold sector as producing miners bet on a stronger price outlook and take advantage of stock market valuations that have risen much faster than those of exploration companies in recent months.