Precious metals company still on the upswing in 2020
The precious metals industry is dominated by consolidation. After major takeovers in 2018 and 2019 were the focus of attention, medium-sized companies are also to become increasingly active in the new year. This is the view of the "Global Industry Overview - Mining and Metals Key" report.
It is generally assumed that the gold price upswing will continue to work. It would therefore not be surprising if smaller companies were also acquired. The big players in the industry will want to expand their portfolios. Reserves are declining worldwide, and the costs of precious metal production are rising.
There are therefore many transactions and takeover bids. The silver sector should also be interesting in terms of possible takeovers. Endeavour Silver is particularly active in the silver industry.
Endeavour Silver produces gold and silver at three mines in Mexico - https://www.commodity-tv.com/play/endeavour-silver-investor-presentation-at-edelmetallmesse-munich/. A fourth project is before the development decision. In Chile and Mexico, further projects are being pursued, as Endeavour Silver is focused on growth.
Another company aiming for growth and already with a considerable portfolio of projects (USA, Peru, Colombia, Brazil, Canada) in the gold and copper sector is GoldMining - https://www.commodity-tv.com/play/goldmining-is-acquiring-and-advancing-gold-projects-in-the-americas/. GoldMining has just completed the acquisition of Yarumalito and thus expanded its portfolio in Central Colombia.
Latest company information and press releases from Endeavour Silver (https://www.resource-capital.ch/en/companies/endeavour-silver-corp/) and GoldMining (https://www.resource-capital.ch/en/companies/goldmining-inc/).
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