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home / news releases / AAAU - Gold Miners Index: How The Semafo Gold Acquisition Stacks Up Against Past Takeovers


AAAU - Gold Miners Index: How The Semafo Gold Acquisition Stacks Up Against Past Takeovers

We’ve seen a massive haircut in valuations among gold miners (GDX) the past few weeks, and Endeavour Mining (EDVMF) is the first company to take advantage of the bloodshed. The company has swooped in and acquired intermediate gold producer SEMAFO Gold (SEMFF), preying on the company’s low market cap after what’s been a tragic couple of quarters for the company. Based on the acquisition price, Endeavour Mining has made out like a bandit, picking up a 300,000-ounce producer and 9.1 million ounces of gold resources for less than US$700

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Stock Information

Company Name: Goldman Sachs Physical Gold ETF
Stock Symbol: AAAU
Market: NYSE

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