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Australia's Resolute Mining to buy Toro Gold for $274 mln
Wed, 31st Jul 2019 07:27
July 31 (Reuters) - Resolute Mining Ltd onWednesday said it would buy West Africa-focused Toro Gold Ltd ina cash and stock deal worth $274 million, as the company looksto expand its production base amid consolidation in the goldindustry.
Resolute said it would acquire Toro for $130 million in cashand 142.5 million Resolute shares.(Reporting by Nikhil Subba in Bengaluru; editing by RichardPullin)
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