Westgold's Acquisition of Karora Resources Creates Major Australian Gold Producer

Australia's Westgold Resources and Canada's Karora Resources have completed their merger, creating a dual-listed mining company that is one of Australia's top five producers. The combined company is expected to have annual production of over 400,000 ounces of gold per year. The estimated operational synergies and estimated corporate savings are enormous, which is why we are positive about the acquisition and the company should benefit greatly from record gold prices.