Gold Miners Gear Up for Dealmaking

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.

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