Gold M&A Hit Record $19.3 Billion In 2006

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According to Mineweb.com, a recent review published by Merrill Lynch established that the total dollar value of global gold mining mergers and acquisitions was a record $19.3 billion in 2006, or three times the total 2003 gold company M&A transaction value.

A review published Tuesday by Merrill Lynch established that the total dollar value of global gold mining mergers and acquisitions was a record $19.3 billion in 2006, or three times the total 2003 gold company M&A transaction value.

In their analysis, gold and precious metals analysts Michael Jalonen and Anita Soni predicted that M&A activity will “remain focused on development projects due to the lower acquisition prices and a shortage of higher-quality company targets.”

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