First Nordic Metals (TSXV: FNM), backed by Agnico Eagle Mines (TSX, NYSE: AEM), has announced an all-share acquisition of Mawson Finland to create NordCo Gold, a new gold exploration and development company focused on Sweden and Finland The combined entity will have a market capitalization of about C$259 million ($187 million), positioning it among the most significant junior gold companies in Scandinavia
The move underscores a growing trend of consolidation in the gold sector, as companies seek greater scale and de-risked projects to attract capital in a competitive exploration environment Investors are demanding larger, development-ready portfolios, and NordCo aims to meet that demand
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Source and Credit: mining.com
