'The acquisition wave is coming' - Mark O'Dea

With precious metal prices up sharply this year and a depleted pipeline of projects due to under-investment, the chair and founder of Oxygen Capital, Mark O'Dea, told Kitco on Monday there won't be that many new mines opening after his Pure Gold Mining (TSX-V: PGM, LSE: PUR) starts up later this year.
Oxygen Capital is an integrated merchant bank and mining house behind the companies such as Pure Gold and Discovery Metals. O'Dea sold his previous company, Fronteer Gold, to Newmont for C$2.3 billion in 2011.
"Pure Gold Mining is the only new mine scheduled to come on stream in North America in 2020. I'd wager that North America is not going to see another new gold mine come online until about 2022," O’Dea said. (show less)

With precious metal prices up sharply this year and a depleted pipeline of projects due to under-investment, the chair and founder of Oxygen Capital, Mark O'Dea, told Kitco on Monday there won't be that many new mines opening after his Pure Gold Mining (TSX-V: PGM, LSE: PUR) starts up later this year.
Oxygen Capital is an integrated merchant bank and mining house behind the companies such as Pure Gold and Discovery Metals. O'Dea sold his previous company, ... (read more)

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