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Big gold miners see muted M&A as bullion’s rise limits bargains

Posted on 23 September 2016

The world’s biggest gold miners will stay shy of big acquisitions, top executives said this week, noting that a jump in the price of bullion has made potential purchases pricey, and memories of failed deals linger.
The need for financial discipline was the dominant theme at the Denver Gold Forum this week, an annual conference for top miners, as the sector emerges from a deep, four-year slump. Executives met as the spot gold price surged by 30 percent in the first seven months of the year to as high as $1,374 an ounce. It has since slid to $1,326, still up 25 percent………………………………………Full Article: Source


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