King & Benton found more than it was bargaining for when it acquired the former Union Carbide synthetic graphite manufacturing facility in Welland, Ontario.
In recent years the uptick in the price of precious metals has reinforced their reputation as a store of value and leading drivers of mining activity around the world.
While the market reaction to the deal has been mostly negative, some analysts believe Gold Fields could benefit from expanding its size and geographical diversification.
A deep-sea mining pilot expected to occur this year 1,300 nautical miles southwest of Sandiego, California was the subject of a rally in Vancouver Wednesday.