Gold Investing News » Small Australia Gold Miners are eyeing mergers to woo funds

Small Australia Gold Miners are eyeing mergers to woo funds

June 25, 2009 @ 4:05 am In Gold Market News

Australia's smaller gold miners are showing an urge to merge in an effort to bulk up and court investment funds that are being drawn to the sector due to the soaring bullion prices.

DJ Carmichael & Co mining analyst James Wilson, stated:

There's movement afoot in the smaller end of town and a recognition that now is the time to act.

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[1] here: http://www.reuters.com/article/innovationNews/idUSTRE55O1J320090625