With Newmont nearing the end of a divestment program that raised $3.9 billion, mergers and acquisitions (M&A) in the mining sector are poised to increase. Companies seeking second-tier assets will now turn their attention to other targets, potentially leading to more deals. Experts predict that Perpetua Resources' Stibnite project and Liberty Gold will be attractive acquisition candidates.
Mergers and acquisitions in the mining space are set to jump now that Newmont comes to the end of a divestment programme that has seen it raise at least US$3.9 billion. Newmont drew interest from dozens of companies in the second-tier assets it divested.
"Newmont has raised more capital than I thought it would, and can now dedicate its capital and management time to fewer and better assets, which is something other mega miners should want to replicate," Rule told Mining Journal.On the merger front, with 11 producers each having a $1-2 billion market capitalization, 2025 could see mergers to obtain greater scale, Cal Everett, chief executive of Liberty Gold, told Mining Journal.
MERGERS AND ACQUISITIONS MINING NEWMONT DIVESTMENT PERPETUA RESOURCES LIBERTY GOLD
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