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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