Mining finance glossaryUndisturbed priceIn French: cours non affecté The target’s price before any rumour, used to measure the premium. Where the course uses itModule 9: The M&A processLecture 8: Valuation by comparison: trading comps and precedent transactions In the newsDundee Precious Metals agrees to buy Adriatic Metals for about $1.25bn 13 June 2025Gold Fields agrees to buy Gold Road Resources for A$3.7bn 5 May 2025 Practise with flashcardsAll terms Previous: Troy ounceNext: Unlevered free cash flow