Zijin Mining to take 9.9% stake in Montage Gold
As part of the deal, the Lundin Family Trust also agreed increase its stake in the company from 17.7% to 19.9%.
CNBC News reported that some analysts see gold prices nearly doubling while reserves shrink. The market news is quoted as saying: “You could see $3,000 to 5,000 to clear the market as the central banks and bullion banks run out of gold to meet the growing demand,” Bill Murphy, chairman of the Gold Anti-Trust Action […]