Miners are still hungry for junior acquisitions – Source – Kitco News (09/19/2019)

It is still cheaper for seniors to acquire a smaller mining company than it is to explore themselves, this according to Steve Todoruk, investment executive at Sprott.

“The majors are still playing catch-up, starting up their exploration programs in-house themselves, but they’re still a long ways behind so they’re quite relying on what the juniors are doing,” Todoruk told Kitco News on the sidelines of the Precious Metals Summit in Beaver Creek.

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