Kinross Gold's (KGC -4%) acquisition of Red Back Mining (RBIFF.PK) is part of a growing M&A...

|About: Kinross Gold Corporation (KGC)|By:, SA News Editor

Kinross Gold's (KGC -4%) acquisition of Red Back Mining (RBIFF.PK) is part of a growing M&A trend in the industry; as gold discovery rates keep falling and the price of the metal keeps rising, gold-mining firms are realizing it's "often cheaper to buy growth rather than find it."