'Consolidation has to happen' - Integra Resources' George Salamis on M&A GeorgeSalamis IntegraResources BMOconference
- Resource companies need to combine and create more critical mass, said Integra Gold CEO Geroge Salamis.
In February Salamis was interviewed by Kitco correspondent Paul Harris at the BMO Global Metals, Mining & Critical Minerals Conference. Integra is a development-stage mining company focused on the exploration and de-risking of the past producing DeLamar gold-silver project in Idaho, USA. At the BMO show, Integra Resources announced a friendly at-market merger with Millennial Precious Metals . The combination of Integra and Millennial will create one of the largest precious metals development and exploration companies in the Great Basin, with the goal of becoming a mid-tier heap leach gold-silver producer, said the two businesses in a news release announcing the deal. Concurrent with the transaction was a $35 million financing by Wheaton Precious Metals.
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