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%.
Globe and Mail columnist Darcy Keith says the stock is undervalued and the company is showing robust resource estimates coming out of its Mana and Samira Hill projects in west Africa:
If you’re placing bets on who may be the next company to be snapped up, Desjardins Securities Inc. analyst Brian Christie suggests considering Semafo Inc. (SMF-T8.830.424.99%), which this week reported earnings and cash flow in line with Street expectations.