Gold’s record-breaking march has prompted another merger of Australian miners, with Spartan Resources and Ramelius Resources agreeing to tie the knot in a deal that values the combined group at $4.2 billion.
The price of the precious metal has vaulted past $US3000 an ounce for the first time, as demand from central banks, global economic uncertainty and US President Donald Trump’s regime of tariffs pushes investors towards the haven of gold.
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Mark Wembridge covers resource companies for The Australian Financial Review, based in Perth. He formerly worked for the Financial Times in London and Hong Kong. Connect with Mark on Twitter. Email Mark at mark.wembridge@nine.com.au
