Gold miners urged to resist expensive M&A amid record prices
Peter KerResources reporter
One of the world's top gold investors has urged Australian miners to avoid overpaying for acquisitions while gold prices are high, amid expectations the future of Kalgoorlie's Superpit could be clarified this week.
Barrick Gold was due to update investors on plans for its 50 per cent stake in the Superpit on Tuesday morning, after flagging in November the stake may be sold subject to a review.
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Peter 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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