Major Gold Buyout puts Canadian Explorer in the Spotlight
Earlier this month Australian Gold producer St. Barbara ( ASX: SBM ) announced it is acquiring 100% of Canadian gold producer Atlantic Gold ( CSE: AGB ) in a deal valued at $802 million. St Barbara’s offer represents a 41.1% premium to Atlantic’s closing share price on the day of the announcement. This deal comes after Australia’s largest gold company Newcrest Mining purchased close to a billion dollar stake in Imperial Metals earlier this year. Trends suggest that other Australian...
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