Mid-tier gold M&A rush tipped

THE creation last year of two gold mining giants in Newmont, after its merger with Goldcorp, and Barrick Gold, after its merger with Randgold, has set the scene for a rush among mid-tier gold companies keen to expand through acquisition or risk being “left behind”.

Mid-tier gold M&A rush tipped Mid-tier gold M&A rush tipped Mid-tier gold M&A rush tipped Mid-tier gold M&A rush tipped Mid-tier gold M&A rush tipped

That's the view of BofA Securities, the investment banking division of Bank of America, which said the mega-mergers launched by Newmont and Barrick had triggered a sell-off of surplus assets.