Escalating tensions in the Middle East will likely dominate headlines and influence trading in the coming days.
Coeur Mining’s (NYSE: CDE) acquisition of SilverCrest Metals (TSX: SIL), a junior gold-silver miner, at twice the sector average EBITDA multiple, underscores the strong appetite larger miners have for growing their portfolios through acquisitions.
IsoEnergy Ltd’s (TSX: ISO) acquisition of Anfield Energy Inc. (TSXV: AEC) is consistent with our earlier prediction that major miners would pursue M&A to secure long-term uranium supply.
A recent report by Ernst & Young supports our view that lack of capital is currently theprimary risk for mining companies.
OpenAI, the creator of ChatGPT, recently raised US$6.6B in funding, valuing the company at US$157B, or 14x revenue.
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