Bloomberg-Gold’s $50 Billion M&A Spree Builds as Rally Boosts Values ........
---"Deal values per ounce almost double in
the second quarter"..........
"Perth-based Doray Minerals Ltd. is hunting globally for potential deals to add more production, Managing Director Allan Kelly told reporters in Kalgoorlie. “It’s tough to find good value in the market at the moment,” Kelly said.“Things are either very well priced, or the projects are very old and tired.”....
After mid-sized producers, including Northern Star Resources Ltd., completed a raft of mine acquisitions from larger rivals, activity is now likely to accelerate in company takeovers and asset deals among SMALLER companies, according to PCF Capital’s Twigger.......
“That’s greased the wheels, and I’m confident that once we get through the Diggers and Dealers conference, we may well see a bunch of deals,” he said. “It’s like a mountain of champagne glasses, you pour champagne in the top row -- and they are the producers -- and it cascades over into the DEVELOPERS. The interest is going to be very strong going forward.”
http://www.bloomberg.com/news/articles/2016-07-31/gold-s-50-billion-m-a-spree-builds-as-price-gains-boost-values