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Article: Sector ripe for M&A as price hits records.
- Article from:
- Australasian Business Intelligence
- Article date:
- November 4, 2009
CopyrightCOPYRIGHT 2009 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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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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