Kimble provides the following chart of the Gold Miner ETF, GDX.
GDX tried to break out three times in 2016-2017 and then retreated to reach a low in Q3/2018. It then rebounded and is back retesting those former highs at the resistance line. A break-out above resistance would be very positive.
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The consideration to be paid by Yamana consists of approximately C$60.8M in cash, C$91.2M in Yamana shares, and a newly-formed spin-out company valued at C$47.5M. With over 3 million ounces of gold resources, the transaction values Monarch at over US$43 per resource ounce or over US$86 per reserve ounce. [more]
With higher commodity prices, mining deals and M&A remained strong this summer with some of the larger deals earmarked to get companies closer to production. [more]
eResearch is pleased to provide an article written by Katie Rooney for CNBC Editorial. [more]
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