Merger and acquisition fever returned to the local sharemarket on Monday as Newcrest Mining’s board said it plans to accept Newmont Mining’s $26.2 billion takeover bid, with junior gold miner Genesis Mining also sweetening its bid for St Barbara’s Gwalia mine in Western Australia.
Luke McMillan said the gold sector is quite hot right now as investors mull macro risks.
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Tom Richardson writes and comments on markets including equities, debt, crypto, software, banking, payments, and regulation. He worked in asset management at Bank of New York Mellon and is a member of the CFA Society of the UK as a holder of the Investment Management Certificate. Connect with Tom on Twitter. Email Tom at tom.richardson@afr.com
