(Kitco News) - With the gold majors generating lots of cash from high metal prices, M&A should heat up, said Scott Berdahl, CEO of Snowline Gold.
On Wednesday Berdahl spoke to Kitco Mining at the 2024 Precious Metals Summit Beaver Creek in Colorado.
Snowline Gold Corp. (TSX-V: SGD) is a Yukon Territory focused gold exploration company with an eight-project portfolio covering roughly 360,000 ha (3,600 km2). Snowline’s project portfolio sits within the Tintina Gold Province, host to multiple million-ounce-plus gold mines and deposits.
The company is exploring its flagship 111,000 ha (1,110 km2) Rogue gold project in the Selwyn Basin.
“It's incredible to see how much of that is very high grade right at the surface,” said Berdahl. “You know exactly what you'd want to see when you're turning on a mine.”
With gold hitting several all-time highs, Berdahl said M&A is heating up.
“There's a lot of cash flowing around out there right now,” noted Berdahl. “M&A might heat up. There's been an underinvestment in exploration for so long—basically since the crash in 2012. The junior markets haven't really ever fully recovered. There's some great companies out there doing a lot of great things, but it's a fairly small pool now.”
Coverage of the 2024 Precious Metals Summit Beaver Creek in Colorado is sponsored by Newcore Gold.
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