G2 Goldfields (GTWO) was up nearly 80% on G Mining’s $3B offer for the company, which was expected given the two have neighbouring assets. Together, the combined Oko project has over $1B of direct synergies…

… including $850M of capital costs (mill, tailings facility, etc.) and $275M of operating efficiencies. Importantly, GMIN provides funding certainty for the acquired asset…

… thanks to its stronger liquidity position and FCF generation from the Tocantinzinho mine in Brazil.