The announcement today that Pan American Silver will acquire Minefinders reinforces the opinion that as the market leaves junior gold and silver miners undervalued the miners will take advantage of that value and use high cashflows to make acquisitions.
As Rick Rule has discussed (with the usual good advice to make volatility your friend) we are in a discovery cycle and the majors need to replace resources which are now relatively cheap against their growing cashflows and declining reserves..
The Page on this blog "Merger & Acquisition Targets" highlights a number of key companies likely to be involved going forwards.
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