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Fund manager sees gold equities at crossroads

The US fund manager introduced at this year’s Vancouver Resource Investment Conference as the world’s number-one rated gold fund manager agrees with other North American gold market commentators that M&A can help spark renewed interest in equities after a generally uninspiring 2018, but says the deals and also the companies that want to stay relevant and genuinely lead the sector have got to be driven by better investment-return fundamentals and he doesn’t sound convinced that ‘new normal’ is close at hand.

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US Global Investors' Frank Holmes: "I feel as if we’re due for more M&A activity this year [in the gold sector]"

Frank Holmes, the CEO and chief investment officer for San-Antonio based US Global Investors, told Mining Journal in Vancouver gold and precious metal royalty companies and their "superior business