SSR Mining to buy rival gold miner Alacer Gold
Illustration: Lazaro Gamio/Axios
SSR Mining agreed to buy rival gold miner Alacer Gold for C$2.41 billion in stock.
Why it matters: This comes against the backdrop of rising gold prices, as investors seek safer assets amidst global economic uncertainty. It's also the week's second such merger, following Shandong Gold Mining's C$230 million deal for TMAC Resources.