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With many commentators forecasting a return to US$2,000 per ounce gold and with COVID-19 travel restrictions starting to ease as vaccination rates grow, a wave of merger and acquisition (M&A) transactions is anticipated as corporate development teams finally hit the road to undertake due diligence site visits.
Gold majors placing their junior bets
While various M&A transactions have occurred over the past 18 months, in general, the sector continues to observe the capital discipline proscribed by investors who saw corporates over-indulge in
Salares Norte, Tarkwa-Iduapriem and Windfall to propel company
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