By: David Erfle
The mining sector continues to sell-off much more than the gold price as the market continues to discount the up-coming VanEck GDXJ Junior Gold Miner ETF re-balance I touched upon last week in this column. More than $800M was collectively taken out of GDX and GDXJ on April 26th, which was the largest one day out-flow in their trading history.
Nevertheless, the M&A in the space also continues to heat up with another high profile proposed merger which was announced on April 26th. Gold-copper developer/explorer Mariana Resources Ltd (MARL.V) said this past Wednesday it has reached an agreement to be acquired by mining company financier Sandstorm Gold (SSL.TO), which currently holds a 7% stake in the compan
By: David Erfle
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