Zijin Mining Group Co. agreed to buy Continental Gold Inc. in a deal worth C$1.37 billion ($1 billion), marking the second takeover in as many weeks of a Canadian gold miner.
Zijin will pay C$5.50 a share in cash for Continental and said major shareholder Newmont Goldcorp Corp. was supportive, according to a statement on Monday. The offer reflects a 29% premium to the share price from the past 20 days.
