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Hunter becomes the hunted

SOUTH African gold producer Gold Fields has boosted its stake in Australian producer Sino Gold to 17.4% after the two parties overnight announced the formation of a strategic exploration alliance targeting large new gold deposits in China.

MiningNews.Net
Hunter becomes the hunted

The deal, which involved a placement of 6.5 million shares at a price of $5.58 per share, makes Gold Fields the largest shareholder on Sino’s register. According to a joint statement issued by the companies,...

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