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There are really couple of large-cap gold miners the size of Newmont, Barrick, Goldcorp, and Randgold left for an additional 'mega-merger' to take place, and so debt consolidation in the industry will likely happen within the mid-tiers and also junior miners, stated David Garofalo, chairman and also Chief Executive Officer of Gold Royalty Corp. and also former Chief Executive Officer of Goldcorp.
Garofalo said that the gold mining sector deals with the "existential issue" of decreasing books, therefore supply will be a more vital element for sentiment than fundamentals.
0:00 – Gold industry's 'existential problem'
4:07- M&An expectations
5:43 – Gold rate expectations
6:33 – Probability of another mega-merger
9:50 – Why Goldcorp and Newmont combined
12:04 – Exploration in between seniors vs juniors
14:15 – Elderly miners' priorities
15:57 – Should seniors be taken part in exploration?
17:25 – Gold royalty
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Gold sector faces 'existential issue', incoming M&A wave says ex-Goldcorp CEO
There are very few large-cap gold miners the size of Newmont, Barrick, Goldcorp, and Randgold left for another 'mega-merger' to happen, and so consolidation in the sector will likely happen within the mid-tiers and junior miners, said David Garofalo, chairman and CEO of Gold Royalty Corp. and former CEO of Goldcorp.
Garofalo said that the gold mining sector faces the "existential issue" of dwindling reserves, and so supply will be a more important factor for sentiment than fundamentals.
0:00 - Gold sector's 'existential issue'
4:07- M&A expectations
5:43 - Gold price expectations
6:33 - Likelihood of another mega-merger
9:50 - Why Goldcorp and Newmont merged
12:04 - Exploration between seniors vs juniors
14:15 - Senior miners' priorities
15:57 - Should seniors be engaged in exploration?
17:25 - Gold royalty
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
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