Gold miners eager to acquire, cautious on risk

GOLD producers are as keen as they’ve ever been to do deals, but are being much choosier to avoid mistakes of the past.

Gold miners eager to acquire, cautious on risk Gold miners eager to acquire, cautious on risk Gold miners eager to acquire, cautious on risk Gold miners eager to acquire, cautious on risk Gold miners eager to acquire, cautious on risk

Australian mid-tier gold producers are arguably in the best shape in history, which inevitably leads to talk about growth and what they might do with so much surplus cash.

Naturally M&A is an option and has again been a theme of Diggers & Dealers this week, though gold producers have made it clear they want to acquire, but only in tier one jurisdictions.

Evolution Mining executive chairman Jake Klein told MNN last week the company was looking in North America and there had been loud chatter around the conference linking the company to Canadian mid-tier New Gold.

Regis Resources executive chairman Mark Clark told reporters yesterday that like everyone else, the company had looked offshore but didn't have anything on the horizon in the near...