A Glimpse of the Future for Successful Gold Explorers
Big miner pays a 66% premium for an explorer
This morning, we got a glimpse of what’s coming for the best gold/silver explorers. Gold Fields agreed to buy Canadian explorer Osisko Mining for $1.6 billion — a 66% premium to last week’s closing price:
Here’s the press release (emphasis added):
(Bloomberg) -- Gold Fields Ltd. agreed to buy Canada’s Osisko Mining Inc. in a deal valued at C$2.16 billion…