Seniors are obviously flush with funds to make acquisitions, but PwC does not expect a flurry of deals. Twenty percent of senior miners pulled out cash for acquisition activities in 2012 and the same number reported plans to do so this year.However, 33 percent of junior and mid-tier companies have acquisition spending in their plans for 2013. That's double the number this group spent on mergers and acquisitions in 2012, the PwC report states.
PwC: Gold Equities Reached Breaking Point In 2012
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