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 2019The 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.
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