Deals
Gold’s Deal Blitz Could Draw In the Rest of the Mining Sector
- Stronger global growth would trigger more M&A: LaFemina
- Major producers could shift from focus on returns, debt
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A torrent of deal-making among gold producers that’s pushed M&A in the sector to an eight-year high is seen spilling over into the wider mining industry -- if there’s a rally in global growth.
Pending and completed gold acquisitions have reached about $33 billion so far in 2019, the highest since 2011, according to data complied by Bloomberg. That’s as deals among all mining companies have declined about 29% from last year to $60 billion, the data show.