Could B2Gold look to acquire smaller producers? With gold on its way to test 1900 highs, all these miners are going to return to all-time highs. Many of these companies, like B2Gold will surpass those highs due to prudent operational management in down-markets.
It will be interesting to see if management looks to acquire some existing higher-grade mines to add to the production portfolio. Companies like Superior Gold (TSX-V-SGI) who produce over 100,000 ounces a year, generating free cash flow, no debt and located in Australia should be considered. The company only has a 100mm market cap!
Still some insane deals out there on producers.
Look at the presentation: https://www.superior-gold.com/site/assets/files/2352/superior_gold_-_corporate_presentation_-_june_2019_-_agm.pdf
CEO Video Interview: https://
m.youtube.com/watch?v=h-Hjmg-UGa0