Original article by Peter Ker
The Australian Financial Review – Page: 22 : 25-Oct-18

GoldCorp CEO David Garofalo expects an increase in mergers and acquisitions activity among gold producers, arguing that the large number of players in the sector means it is becoming harder to attract capital. He says further consolidation may be necessary in order to gain the support of generalist investors. Garofalo has downplayed speculation about a potential merger between GoldCorp and Newcrest Mining, which produced 548,351 ounces of gold during the first quarter of 2018-19. This is below the rate required to meet its full-year production forecast.

CORPORATES
GOLDCORP INCORPORATED, NEWCREST MINING LIMITED – ASX NCM, BARRICK GOLD CORPORATION, RANDGOLD RESOURCES LIMITED, REGIS RESOURCES LIMITED – ASX RRL, SARACEN MINERAL HOLDINGS LIMITED – ASX SAR