Gold producer Ramelius Resources says it is undaunted by high valuations in the sector after unveiling a $230 million takeover offer for Spectrum Metals.
Ramelius chief financial officer Tim Manners predicted strong merger and acquisition activity in the sector this year despite valuations buoyed by a sky-high gold price.
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Brad Thompson writes across business and politics from Western Australia for The Australian Financial Review. Brad is based in our Perth bureau. Connect with Brad on Twitter. Email Brad at brad.thompson@afr.com
