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    gold investing

    Gold Miners Gear Up for Dealmaking

    Investing News Network
    Aug. 31, 2011 01:16PM PST
    Precious Metals

    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.

    To read the full market news, click here.

    mergers and acquisitionsnyse:auqgold investing
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