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Commodities Briefing - Categorized | Bullion/Gold, M&A more

Gold sector M&A to be smaller in scale as big asset sales dry up

Posted on 09 June 2016

Evolution Mining chairman Jake Klein says the string of big deals that Australian mid-tier gold companies have made to grow their portfolios and attract global investor interest is all but over.
The Australian gold sector benefited from a significant round of transactions over the past two years, as global majors Newmont Mining Corporation and Barrick Gold divested the majority of their Australasian assets to ambitious local miners, including Evolution, Northern Star Resources and OceanaGold. Klein said it was “difficult to see more large assets moving hands” as the majors turned their focus to cash flows from their remaining assets amid a resurgence in the gold price………………………………………..Full Article: Source


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