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World's Biggest Gold Miner Makes $17 Billion Acquisition Bid

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There's gold in them there... mergers and acquisitions.

Newmont, the world's largest gold miner by output, announced Monday it's making an offer for Australia's biggest miner, Newcrest, valuing it at $17 billion. Gold M&A has been steadily gaining traction over the past few years, and if the deal is successful it could effectively result in a duopoly between Newmont and rival miner Barrick.

Source Fool.com

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