Guys, you aren’t going to believe this. But we’ve got another merger on our hands to discuss today. I know, it’s day three of talking mergers. But don’t blame us, blame the active capital markets!
In all sincerity, it is a bit refreshing to see transactions occurring because these names have growth on their mind, rather than seeing deals done because it’s a way to reduce expenditures, as is common in down markets. You can look to the uranium sector and a couple transactions announced as of late for that.
But today we’re talking precious metals, and despite the price of gold being in a consolidation period, silver is working to move higher. Which means M&A is coming at us hot and fast, with the latest transaction actually be an all cash deal – if that isn’t a sign of the times, I don’t know what is!
Of course, we’re talking the acquisition of Reyna Silver (TSXV: RSLV) by Torex Gold (TSX: TXG), a transaction that is a bit of an anomaly in this sector.
Lets 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.
