The latest round of mergers of large cap gold companies, particularly between Newmont and Goldcorp, signal a $1,400 an ounce gold price target, said Jeff Pontius, CEO of Corvus Gold.
“That was a great merger in my opinion. I think when you look at the valuation of those things, I still think it indicates about $1,400 gold,” Pontius told Kitco News.
Disclaimer: The content on this website, including, without limitation, news, videos, interviews and commentaries, is provided by Kitco Metals Inc. ("Kitco") for informational purposes only and is not intended as any form of advice, whether legal, accounting, investment, financial or tax advice. Therefore, it cannot be relied upon as such. Should you require such advice, contact a licensed professional. The content provided herein is provided on an "as is" basis without any warranty of any kind, whether express or implied and your use of the information provided in said content is entirely at your own risk. In no event will Kitco be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content on this website.