Chanticleer

Gold fever brings open-pit M&A warfare. Beware investors

In case a $2.2 billion bid for a twice-broke gold hopeful wasn’t enough, a new David vs Goliath battle has broken out in WA gold. Pity the shareholders.

Mar 25, 2025 – 5.44pm

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Lock up your gold projects, fools have the chequebooks out ready to torch shareholders’ hard-earned money.

Unable to contain the boom-time feels, multibillion-dollar bids are flying. We’re up to $10 billion and, from what we hear, the activity is barely getting started.

Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies.