Golden merger signed off

PROMINENT PNG gold producer Lihir Gold will merge with Australian-based gold hopeful Ballarat Goldfields, in a move that will offset Lihir’s perceived investment risks and provide funding for Ballarat’s Ballarat East gold project.

Golden merger signed off Golden merger signed off Golden merger signed off Golden merger signed off Golden merger signed off

The merged company will be a "major Asia-Pacific pure gold producer" with production for 2008 pegged at 900,000oz of gold, about 1 million ounces in 2009, and annual production "well in excess" of