[miningmx.com] – THE decline in the gold price this year would spur consolidation among producers of the metal, said Bloomberg News citing statements by Kinross Mining CEO, Paul Rollinson.
“You may see some consolidation within the industry around balance-sheet strength and margin and free cashflow and quality assets that need funding,’ Rollinson told Bloomberg News in an interview. “You may see a gold price-driven wave of M&A activity,’ he said.
Gold is poised for its first annual decline in 13 years after slipping into a bear market in April, said Bloomberg News.
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