The Weekend Australian had an interview with Newcrest boss. A...

The Weekend Australian had an interview with Newcrest boss. A few quotes regarding M&A.

"But the Newcrest boss says the fire sales that created Northern Star and Evolution won’t be seen again, telling The Weekend Australian the big miners won’t be caught selling profitable mines at a discount this cycle."

"The market is different. No one is under pressure to sell."

“If you look at the major gold companies all of their balance sheets have improved, their cash position and their cash flows have improved, so there’s no real desperation to sell anything. So getting assets at a discount is going to be harder now than what happened back then.

“And because of the Northern Star experience, people have seen what can be done. So whatever is up for sale will probably have more competition than what happened back then."

https://www.theaustralian.com.au/business/mining-energy/technology-gives-gold-miners-an-edge-newcrests-sandeep-biswas/news-story/baa25ac0860d4ea9ae1d8384d9160612