Australia's Resolute Mining to buy Toro Gold for $274 mln
July 31 (Reuters) - Resolute Mining Ltd RSG.AX on Wednesday said it would buy West Africa-focused Toro Gold Ltd in a cash and stock deal worth $274 million, as the company looks to expand its production base amid consolidation in the gold industry.
Resolute said it would acquire Toro for $130 million in cash and 142.5 million Resolute shares.
(Reporting by Nikhil Subba in Bengaluru; editing by Richard Pullin)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.