According to a recent announcement, the latest investment of $9.6 million brings A-Mark’s ownership stake to 55.4%. A-Mark acquired its initial stake in SGB in 2014 and increased its investment again in 2022 to 47.4%.
JM Bullion was acquired by the industry wholesale powerhouse, A-Mark in March 2021. Since then, the company has gone on an acquisition spree, buying up many well-known precious metals dealers, limiting the options for investors looking to buy gold and silver.
The acquisition price for all assets is reported to be $41.5 million, consisting of $37.5 million in cash and $4.0 million of A-Mark common stock with an additional $37.5 million in cash incentives.
APMEX, JM Bullion, SD Bullion and Money Metals Exchange have announced temporary changes to order and shipping policies upon an increase in order volume in recent weeks amidst the ongoing banking crisis. While premiums on silver eagles have recently risen back above 50% per coin. Lower premiums are available for other sovereign bullion coins such as Britannia, Kangaroo and Philharmonic.
Precious Metals conglomerate A-Mark has announced that they will purchase online retailer JM Bullion. The acquisition follows a long time partnership between the two companies that dates back to A-Mark’s initial investment in JM Bullion in 2014. In 2014 A-Mark acquired a non-controlling 20.5% stake in JM Bullion. The new deal will put the remaining … Read moreJM Bullion Acquired by A-Mark Precious Metals
Provident Metals announced today that it had been acquired by JM Bullion in August 2019. Details of the acquisition have been kept quiet until now. Though rumors have been circulating in online precious metals forums and social media for several months. It appears as though Provident Metals will be maintained as a separate brand from JM … Read moreJM Bullion Acquires Provident Metals