Peter Grosskopf...

Peter Grosskopf

https://www.miningweekly.com/article/sprotts-grosskopf-expects-record-ma-activity-in-2021-2020-09-03
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Sprott's Grosskopf expects record M&A activity in 2021

He commented during a September 3 Mines and Money Online Connect conference that “all the kindle for the fire is there”, but noted that it had been a slow year owing to Covid-19 restrictions.
During the discussion with junior gold miners and investment managers, Grosskopf said it had been difficult to execute M&A this year, since many companies had been focused on becoming health and safety compliant or adopting remote working strategies.
“But 2021 is likely to be a different story, since there is no shortage of capital or projects, just a shortage of capable development teams. It is now cheaper for companies to buy developing or developed projects than to develop themselves, given shortages of these teams, coupled with timeline pressures,” he explained, adding that these factors would contribute to increased deals next year.
Meanwhile, Sprott and investment management firm Ruffer quizzed junior gold miners and explorers about their precious metal projects’ development stages, given the ideal precious metal price environment for projects to be brought online.

Meanwhile, ASX-listed Emerald Resources MDMorganHart provided an update on the company’s one-million-ounce opencut Okvau gold project, in Cambodia.

He confirmed that construction of the project was about 50% complete, but said that the building of a process mill in Italy, had contributed to some delays as a result of the severity of the Covid-19 outbreak in the country earlier in the year.

Nonetheless, the project remains on track to start producing by mid-2021. It will produce more than 100 000 oz/y.