Deals
Zero-Premium Mergers Becoming the New Normal Among Gold Miners
- Barrick stock has gained 128% since tie-up with Randgold
- More industry mergers of equals are likely, banker says
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Gone are the days of paying high premiums to acquire mining companies or assets.
After going through a prolonged bear market since 2013, miners have become more composed, and in this new bullish gold cycle paying a zero premium to merge two companies may become the new normal.