Gold M&A: More on the Way in Argentina

As the excitement surrounding the $3.6 billion buyout of tiny Andean Resources by Goldcorp Inc. subsides, investors are wondering who's up for grabs next among Argentina's other emerging success stories. The task has been simplified by the fact that only two gold juniors have to date made sufficiently impressive gold discoveries to attract takeover speculation. One is Mansfield Minerals, which has been quietly developing its Lindero gold discovery since as far back as 1999. The other is Extorre Gold Mines, which burst onto the mining scene just over six months ago after it was spun-off from high-flying Exeter Resource Corp. (XRA). Extorre inherited the high-grade Cerro Moro deposit from its parent company. However, only a hostile takeover could wrestle Cerro Moro from Extorre any time soon, according to the company's management. Continue reading the article.