Genesis and Vault merge into Australia’s third-largest gold miner

Following the termination of another deal, the merger creates a dominant Western Australian producer, underscoring how high gold prices are accelerating consolidation across Australia's mining sector.

Australian firms Genesis Minerals and Vault Minerals have agreed to merge through a scheme of arrangement, creating what the companies expect will be Australia’s third-largest listed gold miner and a top-20 global gold producer by market capitalisation.

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