China Gold is hunting for deals worth as much as $2 billion

Bloomberg/Vinicy Chan

Image of Gold Forum Americas logo“’We need more pipeline, especially in gold production,’ Jerry Xie, executive vice president, said in an interview on the sidelines of the Denver Gold Forum on Monday. ‘We’re currently looking for acquisition opportunities quite aggressively. We’re doing this on behalf of our parent company, not just for ourselves.’”

USAGOLD note:  Should they find it, is there any doubt where it will end up?  Not, we venture a guess, to satisfy global demand outside of China.

Repost from 9-18-2019

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