Will 2022 be the year of gold M&A for these gold juniors?Anaconda Mining is not on the list, but the article content is interresting... we never know, even if ANX is not on the list, chances are that the hidden gem is secretely on the radar of some majors!
Will 2022 be the year of gold M&A for these gold juniors? Conclusion of the article:
In their year-end gold miner note, Credit Suisse pointed out that gold miners were one of the few sectors in the market to “screen inexpensive”.
The bank highlighted that the miners are just plain cheap: “trading at multiple well below the last gold bull market in 2012”.
Like Bank of America, Credit Suisse also expects more M&A. In addition to majors looking to grow reserves, they see more combinations among intermediate producers looking for scale.
What I know is that the number of new gold discoveries that pop up on my watch-list declines every year. And apart from a brief uptick in the summer of 2020, the money going into juniors for exploration has been sparse.
That combination can only mean one thing. If you need to find ounces, you are going to have to buy them.
Time to pay up!