Gold Miner Mergers & Acquisitions Are Finally Picking Up in the Last Month




from WallStForMainSt

After the Denver Gold Forum in September, mergers and acquisitions in the gold mining space is finally picking up especially in the last month. However, all assets are not being acquired for big premiums. Some are being acquired for no premium at all.

Mid-tier primary gold miners with good free cash flow margins and good balance sheets are being aggressive either buying “non-core” assets from Barrick Gold and Newmont Goldcorp or trying to buy development assets from juniors for no premium.

With more assets from juniors gold to larger (and better) counter parties, this will also benefit all precious metals royalty and streaming companies.

Equinox to buy Leagold for about $578 million https://mobile.reuters.com/article/am…

Listen to Eric Sprott’s only weekly podcast for free here: https://www.sprottmoney.com/Blog/cate…

Zijin Mining to Acquire Continental Gold in Friendly, All-Cash Offer for C$1.4 billion https://www.continentalgold.com/en/zi…

Newmont Agrees to Sell Its Interests in KCGM to Northern Star for $800 million https://www.newmontgoldcorp.com/newsr…

Newmont Goldcorp Successfully Reaches Agreement to Sell Red Lake — $375 Million in Cash Plus Up To $100 Million in Contingent Payments https://www.newmontgoldcorp.com/newsr…

Barrick Completes Divestiture of its Interest in Kalgoorlie Consolidated Gold Mines https://www.barrick.com/English/news/…

Barrick Reaches Agreement To Sell 90% Interest In The Massawa Project For Up To $430 Million https://www.barrick.com/English/news/…

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