AMX aerometrex limited

According to this article ,they tried , and were outbid by...

  1. 1,890 Posts.
    According to this article ,they tried , and were outbid by Newmont....

    They and Goldrush went in as a consortium...

    I do remember reading in an AMX presso that they were open to the idea of purchasing a producing asset....

    http://goldrushresources.ca/2013/01/gold-mining-in-burkina-faso-merger-and-acquisition-activity/

    From the article....

    Here’s a sample of the activity in Burkina Faso in 2012:

    Nord Gold NV purchased the remaining 25% of High River Gold Mines Ltd. at $1.40 per share in a deal that valued High River at $1.17 billion

    Amera Mining Plc. purchased the Sega deposit from Orezone Gold Corp. for $26.5 M

    A division of Newmont Mining Corporation was the successful bidder on the sale of the formerly producing Poura Gold mine by the government of Burkina Faso (a consortium of Goldrush Resources Ltd. and Ampella Mining were second in this competition)

    ROXGOLD Inc. underwent a change in management

    Riverstone Resources Ltd. and Blue Gold Mining merged to fund continued advancement of the Karma gold project in an all share deal valued at $30.3M


    Endeavour Mining Corp. acquired Avion Gold Corp. in a deal worth $389MWhat’s very clear from this activity is that mid and upper-tier mining companies have a keen interest in Burkina Faso gold assets….
 
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