Gold industry “screaming out” for consolidation despite price

Gold industry “screaming out” for consolidation despite price

From miningmx.com

The world’s gold industry was still ripe for consolidation although the historic price highs in the metal would present some obstacles. “I suspect over the next twelve months, gold is an industry that’s just been screaming out for consolidation,” said Jim Rutherford, a non-executive director for Saudi Arabia’s Manara Minerals at the FT Metals & Mining Summit last month. “There’s been a lot of lifestyle companies in that industry.” “The gap between spot and reserve valuation is actually bigger than the absolute gold price was twelve months ago,” said Rutherford. “So what price do you use in ... (full story)

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