Dundee Precious Metals Eyes Adriatic Metals For $935 Million, No Formal Offer Yet

Canadian miner Dundee Precious Metals (OTCPK: DPMLF) confirmed that it is in discussions to acquire UK-based Adriatic Metals (OTC:ADMFL), following market rumors. Dundee confirmed the speculations, although noting that "there can be no certainty that any offer will be made, nor as to the terms on which any offer might be made."Per Sky News, the deal could value Adriatic, a firm with primary interest in the Western Balkans, at around $935 million. Two firms were the subject of similar speculations last year, but neither party publicly confirmed the matter.Although Toronto-based, Dundee's active operations and exploration projects are in Ecuador, Bulgaria, and Serbia—the latter two overlapping with Adriatic's region of interest. The firm focuses on sustainable, responsible gold production and aims to grow into a mid-tier precious ...Full story available on Benzinga.comWeiter zum vollständigen Artikel bei Benzinga Weiter zum vollständigen Artikel bei Benzinga