07.10.2013 - For the next round of gold deals, small is beautiful
Gold miners may be tempted back into the take-over game by lower prices and the need to replace reserves, but they are likely to shy away from flashy mega-projects that require big capital expenditures. Mining deals have slowed to a crawl, thanks to a volatile market and pressure from investors still angry about the steep premiums paid during boom times. The pause can't last forever, but the excesses of the last cycle will cast a long shadow. "Everyone is really gun-shy of the high capex projects," said Randy Smallwood, chief executive of Silver Wheaton Corp, which provides miners with cash to finance mine construction in exchange for the right to buy future silver production at a set price...............................................Full Article: Source
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