Deals
Cashed-Up Australian Gold Miners Set to Take Deals Global
- Northern Star, Evolution Mining could weigh overseas mergers
- Nation’s top producers have tripled cash pile in two years
Evolution Mining's gold operations in Mungari, Australia, on Aug. 5, 2015.
Photographer: Carla Gottgens/BloombergThis article is for subscribers only.
Australia’s top gold producers are set to take their $5 billion acquisition spree global to secure growth as domestic opportunities fade and bullion’s gains swell their cash piles.
Companies including Evolution Mining Ltd. and Northern Star Resources Ltd., Australia’s No. 2 and No. 3 producers, may be required to look to the U.S. and Canada for acquisitions to add operations of sufficient scale and quality, according to Global Mining Research Ltd.