Since late last year, an increasing number of gold exploration and developers embarked on a joint path, in a manner that is more convertible mode. On Thursday, the camp Adds one example.

April 21, in gold Gold Limited (True Gold) general meeting of shareholders approved the Company and Al Ain Cardura Mining Limited (Endeavour Mining) of the proposed merger proposals which to build a business in West Africa focusing on mid-sized gold producer Store flat road. The West African countries, including Cote d’Ivoire, Mali, Burkina Faso and Ghana, are representative of lower production costs.

In early March of this year, Al Ain Cardura Mining has received 90% of the shares of gold companies in Burkina Faso (Burkina Faso) gold project, the transaction is completed share swap, valued 191 million Canadian dollars. According to the plan, Al Ain Cardura Mining shareholders will really gold 1895 the company issued new shares.

Al Ain Cardura Mining CEO Neil Wu Yien (Neil Woodyer), said the company is now looking forward to next week to complete the merger transaction, quickly Karma (Karma) Iron ore integrated into Cardura mining project. The company plans to release in June 2016 and updated production guidance for the second quarter earnings.

The merger appears to have been welcomed by the market and investors, from the end of last year, gold gold shares rose three times more than China Iron Mining rose by 2 times. As of April 25, 2016, the two companies market value was 260 million and 410 million Canadian dollars.