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
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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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