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Gold bargains gone as Sibanye sees few chances for a deal
By Kevin Crowley
Bloomberg News
Friday, July 29, 2016
The gold market shot up so fast that opportunities to make a big acquisition are now scarce, according to Sibanye Gold Ltd.
The South African miner said just two months ago that it wanted to buy a gold-producing asset this year. Now those doors have closed, according to Chief Executive Officer Neal Froneman. He is no longer considering acquiring Acacia Mining or Barrick Gold Corp.'s stake in the company. ...
... For the remainder of the report:
http://www.bloomberg.com/news/articles/2016-07-28/gold-bargains-gone-as-...
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