Business
MiningSectorStocks.com - Following the Trail of Mining Mergers and Acquisitions
MiningSectorStocks.com - Following the Trail of Mining Mergers and Acquisitions.
About this update from Silvercorp Metals Inc.
[{"type":"text","content":"\n\n\n\n\nNovaGold Resources Inc., Silvercorp Metals Inc., Endeavour Silver Corp., \nCanarc Resource Corp., and Hunter Dickinson Inc. Offer Their Viewpoints\n\nPOINT ROBERTS, WA and DELTA, BC, March 17 /CNW/ -\nwww.MiningSectorStocks.com (MSS) and www.Gold-MiningStocks.com (GMS), investor\nand industry portals for the gold and mining sector, are pleased to present,\n\"Following the Trail of Mining Mergers and Acquisitions.\" Mining companies\nNovaGold Resources Inc., Silvercorp Metals Inc., Endeavour Silver Corp, Canarc\nResource Corp. and Hunter Dickinson Inc. provide insight into changes and\nshifts taking place in the mining sector.\nTrends and factors include 2005 marking a shift in the mining sector, as\nmega mergers unfolded, lending shape to one of the world's largest gold mining\ncompanies, Barrick Gold Corporation. Additionally factors such as a shift in\nChina's regulatory policies and the prospect of silver becoming an ETF, have\ninfluenced changes taking place in this sector.\nGreg Johnson, Vice President of Corporate Communications for NovaGold\nResources Inc. (AMEX:NG; TSX: NG) commented, \"we see the revaluation of gold\nback toward more historic ratios relative to the value of the major stock\nindices along with increased purchase of gold by central banks to diversify\ntheir holdings beyond the US dollar, as key drivers for gold's continued\nadvance over coming years.\"\nHugh Clarke, director of Investor Relations at Endeavour Silver Corp.\n(TSX: EDR; OTC.PK: EDRGF) offered insight that, \"last year's trend in mergers\nand acquisitions was a natural phenomenon, given the market conditions. It is\ninevitable that this trend will continue and accelerate in the near future.\"\nCanarc Resource Corp. (TSX: CCM; OTCBB: CRCUF) Gregg Wilson, Manager of\nInvestor Relations said, \"mergers and acquisitions such as we have seen over\nthe past year are a normal part of the commodities cycle. Companies who are\nwanting to grow or replace a depleting resource will acquire other companies\nor projects to accomplish this end.\"\nCathy Fong, Vice President of Corporate Development for Silvercorp Metals\nInc. (TSX: SVM) commented that overall, \"we see that China is very progressive\nin their business dealings and that their policy is very pro-business. That is\nso inviting for foreign companies right now and we would definitely l...