I hadn’t thought of this before but one of the major constraints for a gold miner is finding staff with the required experience. Barrick and other majors may be concerned that if they don’t acquire DEG they will lose key staff jumping ship to work on this big high quality project that will run for decades. That is, a major driver of industry consolidation may be HR, but they could never admit to it. Might explain why boards recommend so many corporate mergers that have marginal benefit at first glance
Ann: Appointment of Hemi Project Director, page-11
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