Gold mining companies have been grabbing headlines this year over a flurry of merger and acquisition (M&A) activities. The biggest deals in the gold sector include the world’s largest gold producer, Newmont, seeking to build a global gold superpower by approaching Australia’s Newcrest with a $17 billion takeover offer. Agnico Eagle Mines and Pan American Silver outbid Goldfields for Yamana Gold in a $4.8 billion transaction.
More gold mergers and acquisitions may be likely this year, and the M&A drive offers a path forward from a decade-long gold rut, analysts say.
