RBC says price builds gold M&A case

GOLD miners tend to claim they don’t pay attention to the price of the yellow metal, but RBC analysts believe gold’s ability to stay above the US$1,250/ounce level is key to determining how aggressively companies will pursue growth going forward. From Cameron French in Toronto

RBC says price builds gold M&A case RBC says price builds gold M&A case RBC says price builds gold M&A case RBC says price builds gold M&A case RBC says price builds gold M&A case

Analysis by RBC’s Sam Crittendon, Stephen Walker, Dan Rollins and Wayne Lam suggests the majority of proposed projects need gold to be above $1,250/oz to generate the after-tax internal rate of return