Rob McEwen Talks Newmont-Barrick And Future Of Gold

Mining mogul Rob McEwen said that more consolidation on the mega-cap level without premiums would ultimately mean shareholders benefit in the long-term.

“Over the last five years, you’ve heard a growing voice from shareholders saying ‘hey, look after our interests first.’ And by going in and doing an at-market or discount to market where you can see real synergies occurring, say in Nevada, maybe more companies would start looking at that,” McEwen told Kitco News on the sidelines of the BMO Global Metals and Mining Conference. McEwen said that it may be more beneficial to both parties to merge without a large premium to begin with.

“It’s a good trend. I think if we could see more of that happening, you’d see consolidation happening in the industry and the shareholders would be treated better.”

Subscribe to the RSD email list and get the latest resource stock activity directly to your inbox, for free.

Part of the Stock Digest family of websites

Small Cap Stock Digest

MARKET SUMMARY

INDICES

Name Last Change
DOW 25962.50 0.84%
S&P 500 2854.88 1.07%
NASDAQ 7838.96 1.40%
TSX 16244.59 0.47%
TSX-V 641.21 0.00%

Resource Commodities

Name Last Change
Gold 1308.20 0.57%
Silver 15.46 0.00
Copper 2.90 0.020
Platinum 854.50 1.86%
Oil 59.98 0.42%
Natural Gas 2.82
Uranium 26.00 0.95%
Zinc 1.30 0.00%

@RSDigest ON TWITTER