With the price of gold holding steady since April near its all-time-high at more than US$3,000 per ounce, maintaining about an 85 per cent return since 2020 – comfortably ahead of the Vanguard all-stock ETF VEQT’s 70 per cent effort – major miners are collecting record cash flow and increasingly turning their attention to growing resources through junior acquisitions.
This content has been prepared as part of a partnership with Ascot Resources Ltd., New Found Gold Corp. and Sirios Resources Inc., and is intended for informational purposes only.
Recent examples include Dundee Precious Metals’ US$1.3 billion purchase of Adriatic Metals in June, Royal Gold’s intended purchase of Sandstorm Gold earlier this month, as well as Loncor Gold‘s establishment of a special committee to explore an unsolicited offer announced on Monday.
There is also an increase in major miners taking…
