RE: Pan American sells Peru gold mine for US$245 million cash upfront to ChinaToday 09:42
CF I thought it was positive for us.
However, that link you posted regarding the La Arena II project, the grades are tiny and they have 5.5m oz M&I with $600 AISC?! I'm no expert but they must have spent a fortune to drill up and prove that amount of gold at those grades! And $1.36 billion in up front capital?! Just seems crazy given inflation is only going to increase. Perhaps this is mainly a copper project.
Anyways, all this M&A activity is only good news for us. I think Jim is playing hard ball big time, he wants top dollar. We just have to wait and see if he can get it, but as the gold price remains at these levels and more deals are getting done, it's looking more and more likely!