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Gold's M&A rush

NovaGold Resources (TSX: NG) on Wednesday announced plans to buy the 40% stake it doesn't already own in Donlin Gold Holdings, creating a company valued at $4.2 billion. Why it matters: Mining M&A has hit the motherlode this year. There were $26.3 billion in deals in Q2. That's up 68% quarter over quarter , and is the second highest quarterly total since S&P began tracking the metric in 2013. Driving the news: NovaGold is acquiring the stake it does not own in the Alaskan gold miner fro…

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AxiosCenter·2h ago
Gold's M&A rush
NovaGold Resources (TSX: NG) on Wednesday announced plans to buy the 40% stake it doesn't already own in Donlin Gold Holdings, creating a company valued at $4.2 billion. Why it matters: Mining M&A has hit the motherlode this year. There were $26.3 billion in deals in Q2. That's up 68% quarter over quarter , and is the second highest quarterly total since S&P began tracking the metric in 2013. Driving the news: NovaGold is acquiring the stake it does not own in the Alaskan gold miner fro…
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Gold's M&A rush

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Gold's M&A rush

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