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Forbes reported that gold miners are becoming more active in mergers and acquisitions.
Forbes reported that gold miners are becoming more active in mergers and acquisitions.
The market news is quoted as saying:
On Monday AuRico Gold (NYSE:AUQ) agreed to pay $1.5 billion to buy Northgate Minerals (AMEX: NXG) at 14.7 times EBITDA. According to Bloomberg, it’s the cheapest deal since 2004.
