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Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

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bluegold

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Shandong Gold Offers to Buy Jaguar Mining for $1 Billion

posted on Nov 16, 2011 12:59PM

NOVEMBER 16, 2011, 11:16 A.M. ET

Shandong Gold Offers to Buy Jaguar Mining for $1 Billion

SHANGHAI—State-owned Shandong Gold Group Co. of China has offered to buy Brazilian gold miner Jaguar Mining Inc. for $1 billion, a person familiar with the matter said Wednesday.

The deal is the latest reminder of demand in China for the world's commodities. A deal in gold suggests that demand extends beyond resources China lacks, such as soybeans and iron ore, because China is the world's biggest gold producer.

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