Surging bullion prices are strengthening the miners’ finances and driving questions about capital deployments. As the leading financial institutions don’t expect the gold to lose its luster anytime soon, the latest commentary suggests potential mergers and acquisitions volatility if cash remains sitting on balance sheets.
According to Surbiton Associates, companies like Northern Star Resources (OTCPK: NESRF), Ramelius Resources (OTCPK: RMLRF), and Evolution Mining (OTCPK: CAHPF) are sitting on cash and bullion reserves far beyond their current operational needs.
