M&A

Gold Road's play for DGO could flush out De Grey suitors

WHETHER Gold Road Resources' now-in-train takeover of DGO Gold will be the trigger for further M&A in the gold space is the big question given DGO's 14.4% stake in De Grey Mining, owner of the 9 million-ounce (and counting) pre-development Mallina gold project in Western Australian.

Gold Road's DGO takeover will make it a major shareholder in De Grey, owner of the Hemi project (pictured)

Gold Road's DGO takeover will make it a major shareholder in De Grey, owner of the Hemi project (pictured)

Shares in De Grey were up more than peers in early trade today as speculators digested Gold Road's recommended scrip offer for DGO valuing the target's company's shares at about A$3.55 each - or $308 million...

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