Literally a wall of commentary in the Australian and Canadian press over the erupting bidding war over Andean Resources ASX: AND TSX: AND. AND soared somewhere between 30 – 40% depending on whether you are looking at the close of the ASX or the bid put in by Goldcorp.

AND has the world’s cheapest production costs predicted and a lot of exploration upside. See earlier posts on AND on this Australian Gold Blog.

What a lovely time to have a holding….

AND was Australia’s second largest by Mkt Cap gold company following the successful merger of Lhir (:LGL) and Newcrest (NCM.)

Whilst I haven’t done the full research this leaves KCN with a market cap of $1,066b as our second largest gold play by mkt cap in now what is a rapidly shrinking field.