Soaring Prices Have Australian Gold Bugs Expecting M&A Splurge
- Analysts, CEOs say time ripe for smaller miners to be targeted
- Takeover potential major theme at Diggers & Dealers conference
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Australia’s gold industry — buoyed by the precious metal’s record—setting run this year — is anticipating a wave of deal-making, with smaller miners being targeted as exploration lags.
The potential for a flurry of mergers and acquisitions in the world’s biggest gold producer after China and Russia has been one of the major talking points at the three-day Diggers & Dealers Mining Forum in the dusty Western Australian mining town of Kalgoorlie.