Deals
Randgold CEO Sees Bullion Slump as Chance to Buy Mines Cheap
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Mark Bristow, who built Randgold Resources Ltd. by making discoveries across Africa, is turning to acquisitions as a slump in the bullion price forces rivals to consider selling mines.
Gold fell to a four-year low of $1,137.94 an ounce yesterday, below the production costs of seven out of 19 companies tracked by Bloomberg Intelligence, including Harmony Gold Mining Co., South Africa’s third-largest producer, and Primero Mining Corp.