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The simple explanation for the recent uptick in gold M&A - Liberty Gold's Jason Attew

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(Kitco News) - The gold sector needs to be consolidated, said Liberty Gold President and CEO Jason Attew.

Attew was interviewed by correspondent Paul Harris in February at the BMO Global Metals, Mining & Critical Minerals Conference.

Liberty Gold (TSX:LGD) is focused on exploring for and developing open pit oxide deposits in the Great Basin of the United States, which stretches across Nevada and into Idaho and Utah. The company has two flagship projects: Black Pine in Idaho and Goldstrike in Utah. Both projects are past-producing open-pit mines.

In the fall of 2022, Attew was tapped to succeed Cal Everett to lead Liberty Gold.

Attew said the recent spate of gold miner mergers and acquisition was due to the industry being put on pause due to the pandemic.

"I think there was a backlog of interest," said Attew. "There was certainly a lot of high-quality assets that we're now seeing come out. [We] did take a pause for a couple of years."

Attew said the M&A is overdue.

"We've been espousing this for many, many years. The gold sector is very special, but it's incredibly fragmented and in my mind ripe for consolidation,” he said. “It should be consolidated."

Coverage of BMO Global Metals, Mining & Critical Minerals Conference was sponsored by First Majestic Silver.

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