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Gold majors ready to do business

A lot has been said of the gold industry’s return to health in the past few years, with the likes of Barrick Gold (CN:ABX), Newmont Mining (CN:NEM) and Yamana Gold (CN:AUY) deleveraging and boosting cash flow since the downturn hit. With the gold price set to bounce back, lenders willing to lend, the majors’ balance sheets repaired and their project pipelines looking sparse, the time for M&A is nigh.

Gold majors ready to do business Gold majors ready to do business Gold majors ready to do business Gold majors ready to do business Gold majors ready to do business

The major gold producers are due to come back to the deal-making table

A report by RBC Capital Markets said as much, while indicating that the lack of near-term quality ounces to transform the majors’ production portfolios means they will have to pay up for these