Why Shares of Pretium Resources Are Soaring Today

It's neither a spike in the price of gold nor a glittering quarterly earnings report that has gold investors scooping up shares of gold-producer Pretium Resources (NYSE: PVG) today. Instead, it's news that Newcrest Mining (OTC: NCMGY) will be acquiring Pretium, bringing some consolidation to the gold industry.

As of 11:39 a.m. EST, shares of Pretium Resources are up 17.1%.

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Source Fool.com