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The major golds - aquisitions or organic growth?

Greetings investors.

Well I'm confused!
Some majors say they want to grow organically, developing in house projects and exploration projects rather than acquiring new ones. Others such as Barrick want to go on the aquisition trail. And speaking of Barrick, I'm getting very curious to see who eventually picks up junior miner Exeter (XRC.TO) which has been chipping away at a strategic part of Chile for what seems like forever (but in fact only the past five years).  Read more here.