Australia's two major gold producers merge to create a 16 billion "Big Mac"





 On the 6th, Northern Star, a leading company in the Australian gold mining industry, stated that the merger with rival Saracen Mineral Holding will release industry-leading growth potential and create a world-class producer that can significantly increase production while gold prices soar.


The Times reported that the board of directors of both parties recommended that shareholders support the merger to create a "Big Mac" with a market value of 16 billion yuan. In this regard, Northern Star Executive Chairman Bill Beament pointed out the benefits of this merger, from the growth opportunity encountered "all indicators" including the next three years of gold production growth of 30% and the production of 2 million ounces of gold by 2027.


"This is an effective merger and acquisition. The only major opportunity is the merger of two companies to release this potential." Beamon said, "This transaction provides the attractiveness of a general fund and the scale and flow of gold-centric investors. Sex."

Comments

Popular posts from this blog

Fresh and spicy, easy to use! Milk Mala Tang for soup

Secret Hubei Tour: Enshi Earth Heart Valley, named "China's Most Beautiful Wonderland" by CNN

To make sauerkraut fish, whether to put sauerkraut or fish first, 10 makes 9 people wrong, no wonder the fish is heavy and not fresh