Article: Sector ripe for M&A as price hits records.

Byline: Ayesha de Kretser

Nov 04, 2009 (The Australian Financial Review - ABIX via COMTEX) -- The gold price rose to a new high of around $US1,090 an ounce on 4 November 2009, bolstering the share prices of Australian gold producers. The price of gold has risen by over 20 per cent in the year to date, prompting speculation of a new round of consolidation among gold miners. Newcrest shares closed $A1.07 higher at $A34.45, while Sino Gold rose $A0.34 to $A7.04.

Publication Date: 5 November 2009

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