Mandalay Resources x Alkane Merger: The GDXJ Gamble

Last week we saw three straight days of M&A announcements within the mining sector, and this week appears to be off to a similar start.

On Sunday evening, Mandalay Resources (TSX: MND) announced that it would be partaking in a merger with that of the ASX-listed Alkane Resources, starting off a second straight week of M&A activity within the gold space.

But unlike some of the transactions announced last week, this one doesn’t sound all that enticing for shareholders.

Let’s dive in.


Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Gold Giant Agnico Eagle Makes a Critical Minerals Bet | Avenir Minerals x Fox River

We’re In for a Long Silver Bull Run! | Glenn Jessome – Silver Tiger Metals

Agnico Q1 Earnings Results Overshadowed By A Sinking Gold Price

Recommended

Altamira Gold Extends Maria Bonita Porphyry System Westward With 70.6 Metres At 0.51 g/t Hit

Antimony Resources Reports 13.9% Antimony in Latest Drill Core at Bald Hill

Related News

Mandalay Resources Guides To Lower Gold Production In 2025

Mandalay Resources (TSX: MND) this morning confirmed that production in 2024 will remain within the...

Tuesday, December 17, 2024, 08:30:12 AM

Mandalay Resources To Be Acquired By Alkane To Create Gold & Antimony Focused Producer

Mandalay Resources (TSX: MND) is set to be acquired by ASX-listed Alkane Resources in what...

Monday, April 28, 2025, 08:35:59 AM