Perseus Sees High Gold MA Activity
Perseus Mining reports strong gold sector merger activity, yet warns volatile bullion prices make deal valuations difficult to agree on. CEO Craig Jones notes companies struggle with future price assumptions.
Insights:
Perseus Mining sees robust gold sector M&A activity, but volatile bullion prices complicate valuations and hinder deal completion, CEO Craig Jones said late Tuesday evening. Strong gold prices have fuelled a sector consolidation wave, though valuation gaps between buyers and sellers persist. M&A dealmaking will likely remain sluggish until market participants gain clarity on long-term price trajectories.
