Australian Gold Sector Progresses $20M Worth Of M&A

The gold mining sector has announced a series of mergers and acquisitions (M&A) involving Genesis Minerals, Kingston Resources and Firefly Resources.

Genesis is set to acquire the Kookynie gold project in Western Australia from A&C Mining Investment and owner Yijun Zhu for a consideration of $13.5 million.

The acquisition includes an accommodation camp, a bore field, haul roads and access roads contained in the Kookynie project.

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