South Africa’s Gold Fields seeks to buy Australia’s biggest gold miner in what could become one of the biggest deals in the gold industry - Business Insider Africa
South Africa’s Gold Fields seeks to buy Australia’s biggest gold miner in what could become one of the biggest deals in the gold industry - Business Insider Africa
Source: Business Insider Africa
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DW NOTE
Gold Fields is hunting Australia's largest gold miner while gold sits 19% below its January peak and the Fed is tightening. Either they see the drawdown as a buying opportunity or they're assembling tonnage before the next leg up. Consolidation at $4,321/oz suggests conviction the cycle isn't over.