US Gold and Minera Andes Merger

Gold Investing Strategies

US Gold and Minera Andes Merger

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US Gold, one of the US' largest gold and silver mining company, Minera Andes, one of South America's largest, were destined to be merged from the start, according to analysts. But this time, destiny might just happen.

The two companies belong in the same industry, as in many other companies around the world. But what makes them more suitable for a merger is the simple fact that they share the same company head.

Rob McEwen, Chairman and CEO of US Gold, is also Minera Andes' Chairman and CEO. Not only that, the man is also the biggest shareholder for both companies. He owns 20% of US Gold's total shares and 31% for Minera Andes. So if there is someone who commands power for both companies, there is little doubt it's him.

The two companies are some of the biggest in their regions. On closing prices of US Gold and Minera Andes on Sept. 1, 2011, they have market capitalization of $834,037,977 and $653,611,853 respectively.

So what's in store for Rob McEwen with this merger? Aside from commanding a bigger company with a single set of executive officials, it would surely mean less documents and paperworks.

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Tags: • industry • mining • silver • merger • mining company • silver mining • us gold • gold and silver •

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