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Cash-rich Australian gold miners set to take deals global

Evolution, Northern Star and other Australian miners could consider mergers in Canada or the US to build scale

Published Sun, Aug 6, 2017 · 09:50 PM
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Melbourne

AUSTRALIA'S top gold producers are set to take their US$5 billion acquisition spree global to secure growth as domestic opportunities fade and bullion's gains swell their cash piles.

Companies including Evolution Mining Ltd and Northern Star Resources Ltd, Australia's No 2 and No 3 producers, may be required to look to the US and Canada for acquisitions to add operations of sufficient scale and quality, according to Global Mining Research Ltd.

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