Canadian precious metals miner Silvercorp has elected not to exercise its right to match an offer for gold miner Guyana Goldfields.
Guyana Goldfields, which owns the soon-to-be-idled Aurora underground gold project, in Guyana, has received quite a bid of interest from potential suitors. Last week, it revealed an offer from a foreign-based multinational that is 35% higher than Silvercorp’s offer.