It seems like M&A season has begun in 2019 due to the uptrend in gold prices. Since September we have seen merger announcements for Barkerville Gold Mines (BGMZF), Detour Gold (DRGDF), Continental Gold (CGOOF), and Centamin Plc (CELTF). All of them had one thing in common, quality properties and long life mines. You could also say they had low valuations, if you took into consideration higher gold prices. It seems like the favorable acquisition targets are companies that have large resources with excellent potential future cash flow.
Most of these were acquired for a 29%