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Reuters

Australia's Resolute Mining to buy Toro Gold for $274 million

(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)

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