Mining entrepreneur Frank Giustra, chief executive of the Fiore Group of companies, is forming a new silver company that will initially have a primary silver asset in Argentina, he told Mining Journal at the 2024 Precious Metals Summit in Beaver Creek in Colorado, US."My whole life, I have wanted to do a pure primary silver play, and I've never been able to pull it off because I haven't found the right assets," Giustra said. "We stumbled across one recently in Argentina.
Almost every deal I've done in the last 12 months, we had to place," Giustra said.The difficulty juniors face in raising finance will likely result in more M&A transactions as companies that can finance or that have experienced greater share price appreciation take advantage of their greater bargaining power to close deals."You have a number of single-asset companies out there that have zero sponsorship and investors.