[miningmx.com] – LOW valuations on gold companies and pressure on African-focused miners of the metal could spur a flood of deal-making in the sector, said Reuters citing analysts.
“I think it’s a buyers’ market at the moment so conceivably you will see some of the assets come out at a discount,” BMO Capital Markets analyst Andrew Breichmanis told the newswire service.
“It is pretty hard for a lot of juniors to raise capital so they either go out of existence or they need to do things like joint ventures, acquisitions, putting themselves up for sale,” said Rajat Kohli, Standard Bank’s global head of mining.
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