Emerald Resources bucks weakening gold trend as it eyes acquisition opportunities

If Emerald Resources (ASX: EMR) was producing gold in any country other than Cambodia it would be attracting much greater investor attention thanks to its low costs, high-class management and the backing of a specialist gold fund ready to finance takeover activity.

Cambodia, however, is the home of Emerald’s first mine and the key to that comment can be found in the word first because the company has a plan to grow via acquisition, almost certainly with the financial support of Canada’s gold leader, Sprott Private Resource Lending.

A glimpse of Emerald’s future, now that it has achieved nameplate output at its Okvau mine, is evident in the way its shares have outperformed the broader gold sector of the ASX over the past month.

In full: https://smallcaps.com.au/emerald-resources-bucks-weakening-gold-trend-eyes-acquisition-opportunities/

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