Harare/Toronto — Barrick Gold’s top executive says the gold industry needs more consolidation so it can increase exploration to boost depleting reserves, lure more generalist investors and improve efficiencies.
The flurry of deals that characterised the sector in the past two years will likely continue, with miners in Australia already “stamping their mark” on the industry, CEO Mark Bristow said in a virtual SA mining conference. Mergers & acquisitions are likely to dominate the sector in Africa, and are needed in Canada, where the world’s second-largest gold miner is based...
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