tweet by Paul Zimnisky, page-2

Houston | Canada's Barrick Gold said it considered making an all-stock bid for US rival Newmont Mining, a deal that would create a monolith in the global gold sector and likely push smaller peers to start buying each other.

https://www.copyright link/business/mining/gold/barrick-considers-newmont-bid-opportunity-knocks-for-newcrest-20190223-h1bmlg

interesting to note, that once the big players start moving it puts pressure on the small peers to do something.

Consolidation in the Gold sector has been along time coming, it’s now get big or get out. The same can be said for many other commodities right now too. As a point of reference, many small Gold producers do pretty much the same thing, so merging with one another simply makes sense. One head office running 2 operations is better than the current 1:1 ratio... I see no difference for the diamond sector:

https://www.forbes.com/sites/timtreadgold/2018/12/12/low-prices-trigger-a-four-way-merger-proposal-for-african-diamond-miners/#77cc846c4344

have a great weekend LOMers,