Consolidation of smaller mining companies in the current low price environment will be beneficial for the sector as a whole, according to one mining executive.
In a telephone interview with Kitco News, Jim Bannantine, president and CEO of Great Panther Silver (NYSE: GPL, TSX: GPR), said that he thinks investors are only seeing the start to more mergers within the mining space as companies are beginning to take advantage of low valuations in the marketplace.
Bannantine’s comments come a week after Great Panther announced the acquisition of Beadell Resources and its Tusano Gold mine in Brazil.
“One of my greatest fears has been that one day I would wake up and find the window for making deals closed,” he said. “That window is still open and I think we will see a lot more deals being made.”
Bannantine added that more M&A activity could be what finally brings investors back to the marketplace.
https://www.kitco.com/news/2018-10-02/This-Is-Just-The-Start-Of-Consolidation-In-The-Mining-Sector-Great-Panther-CEO.html