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.”
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