Perseus Mining Gaining with New Merger Rumors - Firm Identified as Likely Player in Ongoing Industry Link-Ups
Perseus Mining is hovering around 2.30 - unchanged for the session - with more than 9 mln shares exchanged today, after gold industry experts identified the company as a likely choice as a merger candiate.
Grant Craighead, managing director and co-founder of Sydney-based research company Stock Resource, had high praise for Perseus during a weekend television interview with Bloomberg television.
Mergers between gold mining concerns are at a record pace this year, Craighead said, as bullion prices hold near $1,200 an oz. and the "chest-beating" typical to the industry for companies to increase in size.
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