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13/08/15
11:08
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Diggers and Dealers 2015: Mergers and acquisitions to shake up Australian gold rankings.
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Newmont Mining Corporation remains the largest producer overall, with an annual output of about 1.5 million ounces, while
Newcrest Mining Ltd (ASX: NCM) – Australia’s largest ASX-listed gold miner – produces about 1.1 M oz annually from Australian mines.
It is interesting that Newmont is about to shed its New Zealand gold mining operations to OceanaGold Corporation (TSX, NZX & ASX: OGC), while Newcrest has struck one joint venture in the Hauraki goldfield with Laneway Resources (ASX: LNY) and is
on the cusp of striking a joint venture with New Talisman Gold Mines (NZX & ASX: NTL) which has the Talisman and Rahu permits at nearby Karangahake.
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Just thought I'd start to get a bit more vocal pointing out how well things could become for NTL very shortly.
Gold price in NZD terms is very competitive - scroll down and see the long term charts: http://goldprice.org/gold-price-new-zealand.html
In my view NTL is woefully undervalued.