A wave of M&A coming for small and micro-cap gold companies?
With the declining share prices of many gold juniors, there is increasing appetite for M&A, says Richard Whittall, CEO of Newstrike Capital:
“It’s still a very challenging environment, and it’s very difficult for young companies to raise equity, which they need to drill, but I do think that this is an entry point for many of the intermediate and senior producers.”
“I think companies are solving problems, adjusting to this lower price, cutting costs…but there are some great projects. The industry doesn’t stop, it has to continue…through acquisition or through organic growth.”
Watch more videos on mining juniors here: The Mining Investment Show