Mega mergers on the scale of Newmont and Goldcorp are happening because miners can’t keep producing fast enough, and need to consolidate resources in order to meet demand, said Brent Cook of Exploration Insights.
“We’re at a time and space where the amount of time it takes and money it takes to discover, prove up, and develop a mine, is longer than we are depleting reserves,” Cook told Kitco News on the sidelines of the Vancouver Resource Investment Conference.
VRIC 2019The Vancouver Resource Investment Conference has been the bellwether of the junior mining market for the last twenty-five years. It is the number one source of information for investment trends and ideas, covering all aspects of the natural resource industry. Each year, the VRIC hosts over 60 keynote speakers, 350 exhibiting companies and 9000 investors.
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