Regis to Buy Vault Minerals to Form $7.7 Billion Gold Miner

Australian gold miner Regis Resources Ltd. has agreed to buy Vault Minerals Ltd. in an all-share transaction that they said values the combined entity at about A$10.7 billion ($7.7 billion) and will attract a wider range of shareholders.

The new entity will overtake Evolution Mining Ltd. to become Australia’s third-largest gold producer by market capitalization. Vault shareholders will receive 0.6947 new fully paid ordinary shares in Regis for each share held, the companies said in a joint statement.