Miners are still hungry for junior acquisitions
It is still cheaper for seniors to acquire a smaller mining company than it is to explore themselves, this according to Steve Todoruk, investment executive at Sprott.
“The majors are still playing catch-up, starting up their exploration programs in-house themselves, but they’re still a long ways behind so they’re quite relying on what the juniors are doing,” Todoruk told Kitco News on the sidelines of the Precious Metals Summit in Beaver Creek.
Precious Metals Summit 2019
The 9th Annual Beaver Creek Summit will take place for three and a half days, starting Tuesday September 10, 2019 and concluding Friday, September 13, 2019.Precious Metals Summit offers the premier event that brings together the community of institutional investors, sell-side representatives and corporate executives from senior precious metals companies to meet and network with some of the most prospective producers, explorers and developers from around the globe.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.
