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%.
Where gold goes, silver often follows. Bearish options on exchange-traded funds tracking the metals have been cheaper than bullish ones for the longest time since at least 2009.
That’s a reflection of the bullish mood seen in recent months, Societe Generale SA analyst Robin Bhar told Bloomberg in a phone interview.