Rising gold price to trigger M&A: Hathaway

THE strengthening gold market is poised for a slew of M&A activity, although not necessarily on the scale of the Barrick/Randgold and Newmont/Goldcorp deals seen over the past 12 months, renowned gold investor John Hathaway told delegates at the Precious Metals Summit in Zurich on Tuesday.

Rising gold price to trigger M&A: Hathaway Rising gold price to trigger M&A: Hathaway Rising gold price to trigger M&A: Hathaway Rising gold price to trigger M&A: Hathaway Rising gold price to trigger M&A: Hathaway

John Hathaway (left) discusses the gold market with Anthony Vaccaro, group publisher of the Northern Miner

Rather than deals between majors, Hathaway said the trend would be for large companies to acquire smaller - in some cases single asset - companies.