Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
Canadian gold miner White Tiger Gold Inc. has offered 0.40 of its share for each Century Mining share. The offer values Century at about C$1.82 a share — more than three times the stock’s Friday closing, according to Reuters:
White Tiger’s operations are mainly in Russia, including the Savkino and the Nasedkino project, while Century Mining’s primary asset is the Lamaque gold mine in Quebec.
The boards of both companies support the deal and White Tiger shareholders will own about 39 percent of the company.
Comments
Eduardo_09_13
si produce tanto oro ¿por que no paga sus proveedores de peru? no reclamo un regalo reclamo del producto que he vendido