FinancialBuzz.com News Commentary NEW YORK, May 28, 2021 /PRNewswire/ Gold is widely viewed as an inflation hedge - a reliable measure of protection against purchasing power risk. Generally
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Fortuna Makes Opportunistic Bid for West African Miner
Contributed Opinion
Streetwise Reports (5/6/21) Fortuna Silver made an all-share offer for West African miner Roxgold, and its shares promptly collapsed on the news. Money manager Adrian Day asks whether this is a good transaction for Fortuna, and what it might mean for the shares in the period ahead.
Fortuna Silver Mines Inc. (FSM:NYSE; FVI:TSX; FVI:BVL; F4S:FSE, US$6.03) announced on April 26 a friendly share bid for Roxgold Inc. (ROXG:TSX), a low-cost West African producer, offering 0.283 of a share (plus 1 cent) for each share of Roxgold, a better-than 40% premium when the offer was made. Fortuna will own about 64% of the pro-forma company.
Gold Prices Hold Stable as Investors Appraise Policy Decisions
FinancialBuzz.com News Commentary
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NEW YORK, April 28, 2021 /PRNewswire/ Among the many variables impacting the price of gold are interest rates. In order to reduce the pandemic s impact on the economy, various economic measures have had to be implemented, including near-zero interest rates and economic stimuli for business and individuals. And now, the Federal Reserve s policy-setting arm isn t expected to be changing interest rates or formally updating its economic forecasts when it concludes its two-day meeting Wednesday. Nonetheless, the U.S economy is witnessing a period of inflation. According to a report by Kitco, Jon Deane, the CEO of Trovio, explained that we are already seeing inflation. If you look around the world, you see real estate prices, building supplies, and services skyrocket, he said. What we created since the early 1990s is an entire financial infrastru