Newmont Mining in Merger Deal with Gold Corp.
https://smaulgld.com/gold-mining-mer...ining-company/
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An interesting development. Bottom fishing?
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The gold mining sector is in a wave of mergers right now as it's hurting big time. There is no exploration happening and the costs for mining existing deposits are only increasing (ie. the easy to mine gold has mostly been mined already). We're going to see a supply shock at some point in the future if central banks keep buying and production (mining + refining) slows significantly.
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I am long on gold .
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