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G Mining Ventures and Reunion Gold combine in $638 million deal

Kitco Media
By Michael McCrae
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G Mining Ventures and Reunion Gold combine in $638 million deal teaser image

Kitco News - G Mining Ventures (TSX: GMIN) and Reunion Gold (TSXV:RGD) reached a definitive agreement to combine the two companies.

Reunion Gold is focused on Oko West Project located in Guyana, within the Guiana Shield region. The companies said the combination sets the stage to create a intermediate gold producer.

Per the transaction, the Reunion Gold shareholders will receive estimated consideration of 65 cents per RGD common share. Estimated transaction value is C$875 million.

G Mining Ventures was down 10% to $2.04 a share. 

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Michael McCrae

Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties. He was co-founder and publisher of MINING.com, an award-winning news site. Before coming to media, McCrae worked in IT and banking. Please reach out: mmccrae@kitco.com or (514) 670-1383. You can also follow him at @michaelmccrae.

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