De Grey Mining, the ASX-listed gold player with a market capitalisation of $2.15 billion, has struck a deal to acquire a 50 per cent stake in a gold project being developed Toronto-listed Novo Resources in Western Australia.
De Grey Mining’s Mallina gold project is neighbours with Novo’s Becher.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
