Gold X

With the price of gold up over 16% year-to-date and almost 23% year-over-year, the time seems to be right for Chinese mining companies to buy up Canadian gold companies. Three recent transactions tag the value of the assets in the US$44 to US$102 per Reserve gold ounce. [more]

SSR Mining and Alacer Gold merging; Adriatic Metals to acquire Tethyan Resource; and, Gold X & Gran Colombia trying to merge with Guyana Goldfields thwarting Silvercorp’s plan to merge with Guyana Goldfields [more]