Danni Sun

1 month ago | ionanalytics.com | Simon Segal |Maggie Yueyang |Mansi Gandhi |Danni Sun

Buoyant M&A activity in Australia’s gold sector is largely being driven by the gold price, producers’ needs to ‘buy’ ounces, and the need for scale, said industry executives and advisors. Against this is the challenge of valuation and social issues. In what is the fourth proposal for an Australian listed gold miner this year, earlier this month Ramelius announced a dual scheme/takeover deal structure to acquire Spartan, implying a fully diluted equity value for Spartan of AUD 2.4bn.