Having compiled a data set of more than 40 deposits in the hands of junior explorers with declared resources, which shows aggregate resources of more than 166 million ounces, Mazumdar said buyers may be few and far between because buyers are very picky despite low equity valuations of target companies. "The major gold miners are getting hit by the negative sentiment in the gold sector because of higher interest rates, which has a negative impact on gold, because it raises the value of the US dollar, and add to that rising costs.
NSTL
