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GUYFF - Silvercorp Buys Guyana Goldfields: How The Deal Stacks Up To Prior Takeovers
Guyana Goldfields Inc New
We've seen a flurry of M&A deals to start the year in the gold sector, and it isn't surprising given that up until April, we've seen one of the most significant disconnects since the 2015 bear market lows between valuations and the gold (GLD) price. To date, we've seen over five deals completed, and the most recent transaction is a surprising one as we've seen a distressed asset scooped up for just US$13.83/oz by Silvercorp Metals (SVM). The distressed asset that it is banking on turning around is Guyana Goldfields' (