Gold Resource Corp. (GORO) Surges on Acquisition Deal with Goldgroup Mining: A Valuation Analysis

Gold Resource Corp (GORO) shares surged 13.6% in pre-market trading after announcing an acquisition deal with Goldgroup Mining (GGAZF) worth $372 million. The all-stock transaction offers a 39% premium over GORO's recent closing price. Post-merger, GORO will hold about 40% of the combined entity, enhancing its asset management capabilities. The company has a market capitalization of approximately $260.44 million and operates within the Basic Materials sector.