GLDX
Global X Gold Explorers ETFNYSEARCA
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  • Mar. 5, 2013, 10:15 AM

    Global M&A in the mining sector fell by a third last year to the lowest level since 2005, with nearly half of 2012’s $110B tally due to the announced Glencore-Xstrata merger, according to a PriceWaterhouse study. The data comes as little surprise to miners at this week's annual PDAC conference: "Every company coming here is saying, we don’t have the money."

    | Mar. 5, 2013, 10:15 AM
  • Aug. 30, 2011, 4:18 PM

    AuRico's (AUQ) purchase of Northgate Minerals at 14.7X EBITDA is the cheapest valuation for a gold miner worth more than $1B since 2004. Pricing of gold miners "has moved to an extreme, and one of the things that should actually correct this ... is M&A," says a fund manager.

    | Aug. 30, 2011, 4:18 PM
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