Jim Sinclair’s Commentary
The majors must buy qualified juniors. They have never been successful explorers.
Reserves the majors hold have hit a plateau or are on the decline
Have a look at this deal which is a blueprint for many to come. Compare this blueprint to your holdings.
Newmont to buy Canada’s Fronteer Gold for C$2.3 bl
Thu Feb 3, 2011 3:01pm EST
By Steve James and Pav Jordan
NEW YORK/TORONTO, Feb 3 (Reuters) – Newmont Mining Corp (NEM.N) has agreed to buy Fronteer Gold Inc (FRG.TO) for C$2.3 billion ($2.3 billion), extending its presence in the western United States as bullion prices hover near record highs.
The cash and stock transaction – the latest in a string of deals targeting Canadian miners – will add 4.2 million ounces of gold resource to the portfolio of the world’s second-largest gold producer.
"This acquisition of Fronteer Gold is in line with some of the more recent acquisitions in the gold space, where major mining companies have been going after very high quality assets," said Adam Graf, a mining >More…