- Reuters
China's Yintai Gold to buy Canadian gold exploration firm Osino for $272 million
China-based Yintai Gold on Sunday said it will acquire Canadian gold exploration firm Osino Resources in an all cash deal for C$368 million ($272.53 million). Osino will end its C$287 million deal with Canadian gold miner Dundee Precious Metals, which was announced in December, and Yintai also will pay a $10 million termination fee for the deal, according to the statement. "Whilst we were appreciative of the previous offer from DPM, the all-cash offer from Yintai represents a significant premium to the DPM offer price, thus is clearly a superior proposal, and is an excellent outcome for Osino's shareholders," Osino CEO Heye Daun said in a statement.
- InvestorPlace
Golden Safety Net: 7 Gold Stocks to Keep You Out of the Poorhouse
Investors tend to buy gold stocks as a hedge against broad economic fear. Markets remain volatile and fears of a recession or worse remain elevated. Those are the exact conditions that have historically made gold shares a good investment. Gold tends to underperform the broader stock market in the long term but outperforms in conditions like those we are currently experiencing. Some people like to invest in physical gold for the sense of security its tangibility provides. We’ll be talking instead
- InvestorPlace
The 3 Most Undervalued Gold Stocks to Buy Now: August 2023
Gold is often used as a defensive asset by investors who seek to protect their wealth from market volatility, inflation or currency devaluation. In 2023, gold stocks have become especially attractive as the global economy faces a slowdown due to the United States Federal Reserve’s interest rate hikes. These began in 2022 and have caused a surge in the U.S. dollar and a decline in emerging market currencies. Gold prices have only risen by about 4% year-to-date. Movements in gold prices have been
