Dave Erfle - Barrick’s Potential Move To The US, Focus On Mining Companies With Growth
Dave Erfle, Editor of the Junior Miner Junky joins us to discuss the latest trends and news in the gold sector.
The conversation begins with Barrick's potential move to the U.S. to list on the S&P, aiming to attract more U.S. investors and increase liquidity.
In terms of outperforming stocks, Dave highlights the importance of growth through acquisitions, mentioning successful companies like K92, IAMGOLD, and Calibre, which have grown by acquiring new mines and successfully developing their own. This ties into the challenges and strategies for major mining companies, including the need to attract retail investors and improve production numbers. Dave emphasizes that larger companies need to leverage mergers and acquisitions (M&A) and strategic partnerships to grow and adapt. He also notes the trend of mid-tier companies expanding through M&A, becoming more attractive to investors, and potentially transforming into major players themselves.
Further, we examine the role of smaller producers, the impact of higher gold prices on the financial health of mining companies, and the importance of government policies in fast-tracking mining projects. Dave underscores the importance of companies acquiring producing mines to generate cash flow, which can cover general and administrative expenses while waiting for permits and further development on key assets.
Click here to visit the Junior Miner Junky website to learn more about Dave’s investment letter.
