Why should Mandalay Resources (TSX:MND) and Southern Cross Gold (TSXV:SXGC; ASX:SX2) merge?
A merger between Mandalay Resources and Southern Cross Gold could create significant strategic synergies. By combining their operations, the two companies would enhance their market positioning within the gold and antimony production sectors. This consolidation would allow them to increase their production capacity and diversify their asset base, providing a more robust platform for future growth.
A merger could result in significant cost savings through shared resources such as technology, personnel, and infrastructure.
An enhanced financial strength could lead to better financing terms for projects, which is crucial in the mining industry where substantial investments are needed to develop new deposits or expand existing operations.
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SX2 Price at posting:
$3.73 Sentiment: None Disclosure: Held
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