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Why Shares of Pretium Resources Are Soaring Today

TheMotleyFool

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Why Shares of Pretium Resources Are Soaring TodayBild von Steve Bidmead auf Pixabay : https://pixabay.com/de/photos/gold-ingots-golden-schatz-513062/

It's neither a spike in the price of gold nor a glittering quarterly earnings report that has gold investors scooping up shares of gold-producer Pretium Resources (NYSE: PVG) today. Instead, it's news that Newcrest Mining (OTC: NCMGY) will be acquiring Pretium, bringing some consolidation to the gold industry.

As of 11:39 a.m. EST, shares of Pretium Resources are up 17.1%.

Image source: Getty Images.

Source Fool.com

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