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Saracen plus Northern Star gets a tick from investors as gold dips

A sliding gold price rubbed a little of the gloss from the proposed merger of Northern Star Resources and Saracen Mineral Holdings, the Australian miners aiming for a place in global gold’s top 10, but the US$42 an ounce fall immediately after the deal was announced could not dim investor enthusiasm for the transaction.

Tim Treadgold
Northern Star-Saracen combination will consolidate major Kalgoorlie and Yandal district hubs

Northern Star-Saracen combination will consolidate major Kalgoorlie and Yandal district hubs

While most other gold miners suffered a modest bout of selling in the wake of the metal's price dip from $1918/oz to $1876/oz, largely as a result of a breakdown in US economic stimulus talks, Saracen...

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