View full page at metalsmine.com

 

Yamana Gold Founder Says ‘Chatter’ Points to More Industry M&A

From bnnbloomberg.ca

Yamana Gold Inc.’s $4.8-billion takeover will be the catalyst for “much needed” consolidation in the gold industry this year, says founder Peter Marrone. “I’m a bit jaded, because I’ve been talking about the need for consolidation for 19 years,” the executive chairman said in a Jan. 20 interview at Yamana’s Toronto headquarters. “But I do think we’ll finally begin to see some of it happening soon. I hear lots of chatter out there about other pending transactions.” Yamana’s pending takeover by Pan American Silver Corp. and Agnico Eagle Mines Ltd. will see Marrone move on from a company he started two decades ago to ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis