On September 19th Mitchell J. Krebs, the President/CEO of Coeur Mining said, "Following its recent acquisition of Corvus Gold, AngloGold has consolidated a significant portion of the Beatty district and is the logical operator of a future standalone mining operation in the Beatty district."
The only way his comment makes sense is if AngloGold Ashanti (AU) is planning to acquire Augusta Gold (TSX: G). We believe G is likely to sell for US$500 million+.
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA's President has purchased 174,200 shares of G in the open market and intends to buy more shares. This message is meant for informational and educational purposes only and does not provide investment advice.