Miners Just Can’t Keep Up – Brent Cook

Mega mergers on the scale of Newmont and Goldcorp are happening because miners can’t keep producing fast enough, and need to consolidate resources in order to meet demand, said Brent Cook of Exploration Insights.

“We’re at a time and space where the amount of time it takes and money it takes to discover, prove up, and develop a mine, is longer that we are depleting reserves,” Cook told Kitco News on the sidelines of the Vancouver Resource Investment Conference.

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