Tnere is no denying the M&A trend has swept across the gold industry, from its upper echelons right down to the juniors scrapping for survival at the bottom of the market. Almost all of this corporate activity is driven by a bid to remain relevant in the equity markets. At the top end of town we have seen the world's two largest gold miners - Barrick Gold Corp and Newmont Mining Corp - make corporate moves designed to create the largest gold miner in the world. Barrick's acquisition of Randgold Resources placed it at the top of the gold pile but Newmont is set to eclipse its rival when it finalises its merger with Goldcorp Inc.
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