The Coming Wave of Junior Gold Miner Buyouts

by John Rubino
Dollar Collapse

Spend a little time researching gold mining stocks and you’ll notice that once you get past a handful of familiar names there’s a long list of companies you’ve never heard of. Most of these are the proverbial “hole in the ground with a liar standing next to it.” But a fair number are real miners with legitimate properties, but too little capital to achieve “familiar name” status.

Gold mining, in other words, is ripe for consolidation.

But so far, despite a handful of big recent deals, that’s not happening. Here’s a chart from yesterday’s Wall Street Journal showing mergers and acquisition activity in oil and gas, mining generally, and gold mining specifically. At this level of resolution gold mining M&A is almost invisible. In part this is due to gold being so much smaller than those other two. But other factors are at work.

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