Deals
Randgold Sees More Merger Deals as Industry Fights to Survive
- Gold industry `can't survive' at current prices, CEO says
- Randgold could take on Obuasi and make other gold mine deals
Randgold Q3 Sales and Net Income Falls
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The biggest gold miners, weighed down by record debt and prices near a five-year low, will have to merge with others to survive, according to Randgold Resources Ltd., the best-performing producer of the metal in the past decade.
“The big producers have the biggest challenges of all,” Randgold’s Chief Executive Officer Mark Bristow said in a Bloomberg Television interview in London on Thursday. “Eventually, you’re going to see survival mergers.”