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Australia's cashed-up gold miners embrace high-risk deals

Australia's cashed-up gold miners embrace high-risk deals

They are buying gold assets that require patience, exploration success and significant spending on capital improvements to make the grade.

Peter KerResources reporter
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It's the year for risky acquisitions in Australia's gold sector, and not just because everyone is buying at historically high gold prices.

The common thread between the four biggest gold deals on the ASX this year is the acquirers' belief they can turn underperforming assets into something much better in a few years.

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Peter Ker
Peter KerResources reporterPeter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com

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Original URL: https://www.afr.com/companies/mining/australia-s-cashed-up-gold-miners-embrace-high-risk-deals-20191126-p53e40