China Gold Mining Deals Hit Record

Chinese gold mining companies are making acquisitions at a record pace, compared to Western gold miners sidelined from M&A due to writedowns, debt and pressure from shareholders to hold off on deals, Bloomberg reported.

As quoted in the market news:

Takeovers and asset purchases by producers based in China and Hong Kong rose to a record $2.24 billion this year, beating last year’s record $1.96 billion, according to data compiled by Bloomberg.

Read the complete story by Bloomberg here