Deals
Lundin Gold CEO Looking for Acquisitions, Open to a Takeover
- Gold prices have rallied, bolstering the case for expansions
- Newcrest says it’s “very happy” with its Lundin holding
Ron Hochstein.
Photographer: Matthew Staver/BloombergThis article is for subscribers only.
With its first commercial production around the corner, Lundin Gold Inc. is looking at options to grow -- including acquisitions.
The gold miner, whose only asset is expected to reach commercial production in the second quarter, is considering expansion at a time when bullion prices are hovering near a seven-year high. The rally has bolstered the case for acquisitions in an industry that has seen years of underinvestment, resulting in declining global production outlook.