multiples of non-producers are a fraction of yours If you are a gold producer not doing M&A, ‘you need to fire yourself’ - Collective Mining's Ari Sussman
(Kitco News) - While M&A is heating up due to good gold prices, there is not a lot to acquire, said Ari Sussman, executive chair of Collective Mining.
With gold hitting several all-time highs, Sussman said M&A is heating up.
“I can tell you from my experience, I've never seen the cupboards this bare with quality projects,” said Sussman. ”I suspect we're going to see M&A turn aggressive very quickly.”
Sussman said it is an opportune time for the big gold producers to start acquiring.
“If you're a gold producer and you're not active in M&A, I think you need to fire yourself as management, because you're trading at decent multiples, and the…multiples of non-producers are a fraction of yours. So effectively right now, just about any transaction is accretive.”
https://www.kitco.com/news/article/2024-09-19/if-you-are-gold-producer-not-doing-ma-you-need-fire-yourself-collective