Article from Zero Hedge –
Excerpt from the article –
The impetus for this rash of dealmaking is clear: After years of underinvestment as the price of gold languished, miners have been emboldened by the recent uptick in gold prices, and the possibility that the business cycle might be nearing its end. Since it would take years to ramp up mining operations, acquisitions and mergers are the best option to expand production ahead of a possible boom.
With this in mind, don’t expect Barrick to back off so easily.