It's currently haulted but Jaguar Mining (Brazilian Miner) looks to be bought by Shandong Gold Mining(chinese miner). Jag is a $450 million market cap miner and the bid looks to be around $1 billion. JAG is a 2.6% component on the GDXJ (junior mining etf) so this is a pretty big deal. JAG is not a micro-explorer.
Chinese Miners scoop up another one..
- Thread starter DSAbug
- Start date
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The deal apparently includes them buying up 100 million in debt for the company. Yeah, very seriously.