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"The next deal to surface could be nearly as large. It’s now rumored that South African producers Gold Fields Ltd. (GFI) and AngloGold Ashanti (AU) are interested in merging. Although the rumor has not yet been confirmed, Gold Fields CEO Nick Holland said in an interview this month that, “If you are going to survive in the long term, you are going to have to look at consolidation.”
With combined output of 6 million ounces in 2017, a Gold Fields-AngloGold merger would create the world’s third largest producer. The South African company, which we own in the Gold and Precious Metals Fund, has now risen a remarkable 78 percent from its 52-week low in September."
https://www.moneyshow.com/articles/...sam-zell-and-the-case-for-gold/ |
