Business

Vault and Genesis agree to merge and create $8.71 billion Australian gold producer

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Genesis Minerals has agreed ​to acquire ‌its smaller peer Vault Minerals in ​a deal ​that would create ⁠an Australian ​gold producer with ​a market capitalisation of around A$12.6 ​billion ($8.71 ​billion), the companies said ‌in ⁠a joint statement on Tuesday.

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