Investors want pre-production juniors to merge

Investors want pre-production juniors to merge to attract different and bigger investors into their stories, said Kitco Roundtable podcast special guest George Salamis, president and CEO of Integra Resources. Having recently participated in the BMO Metals and Mining conference, Salamis said a common theme was that traditional investors are tired of being the only check writers to pre-development companies. “They are saying that by consolidating to create a bigger company, perhaps you attract a bigger investor who can write checks alongside your existing investors. There is a bit of fatigue out there,” said Salamis.