Gold News Gold sector faces 'existential issue', incoming M&A wave says ex-Goldcorp CEO

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Gold Information Gold sector faces 'existential difficulty', incoming M&A wave says ex-Goldcorp CEO


There are only a few large-cap gold miners the scale of Newmont, Barrick, Goldcorp, and Randgold left for an additional ‘mega-merger’ to occur, and so consolidation within the sector will seemingly occur throughout the mid-tiers and junior miners, mentioned David Garofalo, chairman and CEO of Gold Royalty Corp. and former CEO of Goldcorp.

Garofalo mentioned that the gold mining sector faces the “existential difficulty” of dwindling reserves, and so provide can be a extra essential issue for sentiment than fundamentals.

0:00 – Gold sector’s ‘existential difficulty’
4:07- M&A expectations
5:43 – Gold worth expectations
6:33 – Chance of one other mega-merger
9:50 – Why Goldcorp and Newmont merged
12:04 – Exploration between seniors vs juniors
14:15 – Senior miners’ priorities
15:57 – Ought to seniors be engaged in exploration?
17:25 – Gold royalty
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