Dave Erfle – Despite The Pullback In PMs There Have Been 3 Significant Gold Stock Transactions To Kick Off This Week
Dave Erfle, Editor of The Junior Miner Junky, joins us to review the pullback in precious metals and that there have still been 3 significant gold stock transactions to kick off this week. We start off looking at both the near-term and longer-term technical support and resistance levels in gold, and the gold stocks via the ETFs GDX and GDXJ.
Next we pivoted over to 2 M&A deals of note; with Dave giving his take on G Mining Ventures (TSX: GMIN) (OTCQX: GMINF) moving to acquire Reunion Gold (TSXV:RGD) (OTCQX:RGDFF), in more of a merger of equals, and then New Found Gold (TSX-V: NFG) (NYSE-A: NFGC) making a move to acquire Labrador Gold’s (TSX-V: LAB) (OTCQX: NKOSF) Kingsway Project.
We wrap up with Dave weighing in on the positive financing transaction from AbraSilver Resource Corp (TSXV: ABRA) (OTCQX: ABBRF) with a strategic C$20 million non-brokered private placement with Kinross Gold Corporation (NYSE: KGC) (TSX: K) and an affiliate of Central Puerto SA (NYSE: CEPU), and the formation of a regional partnership between AbraSilver and Kinross to jointly explore for and acquire new projects in Argentina focused on silver, gold, and copper.
