Deals
Gold All That Glitters for Mining's M&A Bankers Amid Turmoil
- Current climate seen only every 15-20 years, Sibanye CEO says
- Tahoe bought Lake Shore Gold in C$945 million deal this week
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Mining industry bankers still smarting from the worst year for acquisitions in more than a decade can take consolation from the prospect of a once-in-a-generation opportunity for deals among gold producers in 2016.
“The scale of this opportunity doesn’t come around very often, maybe every 15, 20 years,” Sibanye Gold Ltd. Chief Executive Officer Neal Froneman said in an interview in Cape Town. He’s seeking deals to turn the biggest miner of South African gold into one of the top five global producers of the metal.