GMP zum Thema Übernahmen und Fusionen.
Kurzfassung:
ZitatRecent M&A has breathed new life into the gold sector.
It is our view that sector consolidation will continue, both in terms of corporate activity and portfolio rationalization.
Corporate activity: We consider several value names as potential targets, incl. Kinross, Yamana, Detour, IAMGOLD and Torex Gold. Larger scale developers include Lundin Gold and Continental Gold.
Portfolio rationalization: This report highlights several mines/projects that may very well transact in the medium term, including Red Lake, Porcupine, Eleonore, Coffee, Phoenix, Lagunas Norte, Kalgoorlie, Massawa and the Timmins mines of Pan American Silver/Tahoe.
Given the generally modest to low level of financial liquidity in the sector, we believe the larger deals may prove challenging in the current gold price and equity valuation environment. The streamers could provide assistance where required.
saludos