Westgold to acquire Karora for CAD1.1bn.

Westgold, an Australian gold producer and explorer, completed the acquisition of Karora, a multi-asset mineral resource company, for CAD1.1bn. "With the combination of Westgold and Karora, we are taking the next step by combining two highly complementary, free cash flow generating asset bases in one of the world's finest mining jurisdictions to create a premier Western Australian mid-tier gold producer. Karora shareholders will benefit from having very meaningful ownership in a larger, more diversified gold producer with a highly experienced management team located entirely in Western Australia," Paul Huet, Karora Chairman and CEO.