A slew of M&A exercise is hitting the gold area, and George Salamis of Integra Assets (TSXV:ITR,NYSEAMERICAN:ITRG) joined the Investing Information Community to debate his firm’s lately introduced merger.

The corporate, whose primary asset is the DeLamar challenge in Idaho, will probably be becoming a member of forces with Nevada-focused Millennial Treasured Metals (TSXV:MPM,OTCQB:MLPMF) to create one of many largest treasured metals explorers and builders within the Nice Basin.

“Consider it because the consolidation that the trade wants and has been searching for for such a very long time,” Salamis stated on the sidelines of this 12 months’s Prospectors & Builders Affiliation of Canada (PDAC) conference in Toronto.

“We’re stronger collectively. As an organization, we’ll have 6 million ounces of whole sources — for a junior mining firm that is quite a bit,” Salamis continued. “It’ll be actually unparalleled within the context of the Nice Basin, and (there’s) a pathway to manufacturing, which is probably 230,000 to 250,000 ounces a 12 months … so greater, stronger, extra market momentum to draw bigger buyers.”

Along side the merger, Integra and Millennial Treasured Metals have closed a C$35 million financing, which incorporates C$10.5 million from streaming firm Wheaton Treasured Metals (TSX:WPM,NYSE:WPM) as an investor.

When requested what the latest wave of gold M&A exercise says about the place the market is at, Salamis was optimistic.

“Usually any such consolidation occurs proper on the backside,” he stated. “And so there’s that feeling — and I do know we have been saying it for some time — however there’s that feeling that issues are bottoming out right here. Whenever you’re seeing ridiculous asset valuations on the low finish akin to we’re seeing now, it is one of the best time to start out consolidating.”

In the case of the gold value this 12 months, Salamis stated he thinks US$2,000 per ounce is within the playing cards shifting ahead. “Into the second half of the 12 months I feel we will have a reasonably sturdy wind at our backs from a gold — treasured metals (and) silver as properly — perspective. I feel all of the forces are at play that type of communicate to that proper now,” he stated.

Watch the interview above for extra from Salamis on the gold sector and Integra’s merger with Millennial Treasured Metals. You can too click on right here for the Investing Information Community’s full PDAC playlist on YouTube.

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Securities Disclosure: I, Charlotte McLeod, maintain no direct funding curiosity in any firm talked about on this article.

Editorial Disclosure: The Investing Information Community doesn’t assure the accuracy or thoroughness of the data reported within the interviews it conducts. The opinions expressed in these interviews don’t replicate the opinions of the Investing Information Community and don’t represent funding recommendation. All readers are inspired to carry out their very own due diligence.