Mergers Are Not The Way To Create Value For Juniors
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(Kitco News) - With gold prices having traded range-bound for most of 2019, miners should be more focused on creating value through discovery, which the industry is lacking, said David Suda, CEO of TerraX Minerals. â€śThe opportunity for us is in the fact that producing gold companies have actually had a lack of discovery. They havenâ€™t spent money on exploration, and all the major gold companies in the world can merge with each other until they go blue in the face, theyâ€™re not going to come up with a discovery that way, and I think thatâ€™s what the opportunity here is,â€ť Suda told Kitco News on the sidelines of the 121 Mining conference in New York.