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OceanaGold’s $776m Ausgold bid adds weight to gold M&A wave
Summary by Australian Resource & Investment
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OceanaGold’s $776m Ausgold bid adds weight to gold M&A wave
The Katanning gold project. Image: AusgoldOceanaGold’s $776 million move on ASX-listed Ausgold provides another strong signal that consolidation remains firmly in play across the Australian gold sector, with advanced, de-risked development assets emerging as attractive targets for well-funded producers. The Canadian gold and copper producer has entered into a scheme implementation deed to acquire 100 per cent of Ausgold, giving it control of the…
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