Expect wave of mergers as executives seek to maintain margins amid higher production costs, declining grades of gold
Ltd. and Pan American Silver Corp. last year for about US$4.8 billion. Marrone will leave the company when the deal closes, which is likely to take place next month.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc.
Resource industries are on the front lines of the climate challenge, whether it be coping directly with extreme weather, or indirectly through rising costs associated with adjustment and policies such as carbon taxes. Gold miners face an additional layer of difficultly because their deposits are yielding less ore that’s dense with gold. Lower grade mines can still be profitable, but only if extraction costs are lowered.Marrone experienced the mining industry’s impulse to consolidate first hand.
“Some of the critical metals have supply chains that I do not understand well enough at this point,” he said. “I would certainly dip my toe in to start to get to know them.”Article content
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