The vast majority of the world’s gold miners have yet to join the wave of mergers reshaping the top of their sector, even as investors say more tie-ups are necessary amid poor returns and depreciating gold reserves. Since the bursting of the commodity bubble in 2011, bankers and investors have predicted the thousands of small and midsize gold miners that populate this sector would merge.

Source: Wall Street Journal March 13, 2019 11:48 UTC