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Gold mining deals back on the agenda as coronavirus restrictions ease
By Zandi Shabalala and Jeff Lewis
Reuters
Friday, May 29, 2020
A lull in corporate takeover activity among gold miners is expected to end as new coronavirus-linked travel restrictions are lifted in coming months, clearing the way for prospective buyers, industry executives and fund managers said.
Deals this year have been hobbled by lockdown measures to curb the spread of the virus, preventing acquirers from travelling to inspect acquisition targets.
Miners year-to-date have struck 275 transactions worth about $6.9 billion, including net debt, according to data from Refinitiv, down from 329 deals valued around $26.8 billion in the six months to June 2019. ...
... For the remainder of the report:
https://www.reuters.com/article/us-health-coronavirus-gold-m-a/gold-ma-b...
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http://www.gata.org/files/GATA-4-wine-bottles.jpg
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