investing in gold : Most of the gold stocks and the silver mine companies that are trading in North America a good week, rising metals themselves price stabilized, with one of the biggest winners being St Andrew Goldfields Ltd, after news that the company bought in addition to its share price.
With the closure on Thursday, and the COMEX gold futures December almost flat for the week at $ 1,077.90 per ounce, losing $ 3, or 0.3%. The Comex December silver rose 1.8 cents, or 0.1%, during the first four days of the week at $ 14.222.
During that same time period, the Bugs Index NYSE Arca Gold (Hui), up 2.4905 points, or 2.3%, to 111.6874. Gold traded tanker market Monetary Fund-Miners (GDX), which consists of the shares of gold mining companies, rose 35.1 cents, or 2.6%, to $ 13.97.
Varied shares of two companies this week dealing with the merger. Kirkland Gold Corporation entered an agreement to acquire the St. Andrew Goldfields Limited for the establishment of multi-asset, which focuses Ontario, an intermediate gold producer. The companies said when they announced on Monday, and the estimated value of the shares for the deal at 178 million C $. Exchange rate represents the equivalent of 0.47 C $ per share Unified St. Andrew, on the basis of the closing price of Kirkland on Monday. This means a 25% premium to the closing price of St. Andrew in the Toronto Stock Exchange ahead of the news.
Investors responded by pushing shares Kirkland (and TSX: KGI), down 44 cents, or 8%. By contrast, St. Andrew Goldfields (TSX: SAS) was one of the strongest percentage share gains for the week in the precious metals sector, adding 6 cents, or 17%.