Ross Beaty: I've Never Seen Better Macro Fundamentals for Gold | Summary and Q&A

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January 23, 2020
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Investing News
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Ross Beaty: I've Never Seen Better Macro Fundamentals for Gold

TL;DR

The upcoming merger between Equinox Gold and Leagold Mining is expected to be a sure thing, creating a well-positioned company with significant scale and liquidity in the gold market.

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Questions & Answers

Q: Can you provide more details about the upcoming merger between Equinox Gold and Leagold Mining?

The merger between Equinox Gold and Leagold Mining was announced on December 16th and is set to be a merge of equals. It has already gained significant support from shareholders and is expected to close in February 2020.

Q: What are the potential benefits of this merger for investors?

The merger will create a company with scale and liquidity, producing about a million ounces of gold per year. This will attract investment from ETFs and offer investors exposure to the gold market.

Q: How does this merger align with current market trends and investor demands?

The merger meets the market's demand for scale, offering a custom-created vehicle for ETF buying. It also delivers massive leverage to gold, which is highly sought after by investors.

Q: Apart from the merger, what can investors look forward to with Equinox Gold in the future?

Investors can expect to see developments with mines, exposure to gold price increases, exploration success, strong mine management, and solid financials, which are key factors in building successful companies.

Summary & Key Takeaways

  • The merger between Equinox Gold and Leagold Mining is highly anticipated and has already seen a 30% increase in stock value since its announcement.

  • The merger will create a company that will produce about a million ounces of gold per year, offering investors significant liquidity and access to ETF buying from large capital pools.

  • Ross Beaty, Chairman of Pan American Silver and Equinox Gold, believes the merger is a logical fit that will deliver the scale and leverage that the market demands.

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