Jeff Pontius Forecasts New Era of Gold M&A Led by Mid-Tier Mining Companies

Veteran exploration geologist Jeff Pontius joins Kitco Mining’s Digging Deep to break down what’s next for gold discoveries, royalties, and M&A across North America. Known for leading Corvus Gold’s C$570 million sale to AngloGold Ashanti, Pontius brings decades of experience turning exploration plays into billion-dollar buyouts—and he says the next big wave of deals is already building.

Pontius praises AngloGold’s Nevada expansion, highlighting the upcoming North Bullfrog project as a multi-million-ounce cornerstone mine that could deliver returns “for 20 to 30 years into the future.” He points to royalty deals trading at record premiums, a sign that capital is returning to the sector and that investors are showing more discipline than in past cycles.

The next major M&A surge, Pontius predicts, will be driven by mid-tier producers, not the giants. “The majors are chasing only the biggest, multi-million-ounce projects,” he says, leaving room for agile mid-tiers to lead consolidation and unlock value.

Looking forward, Pontius remains bullish on gold, forecasting two to three more years of strength in the commodity cycle as market fundamentals tighten and exploration capital flows back into the field.

This is a must-watch conversation for investors tracking the next phase of the gold bull market, featuring insights from one of the industry’s most successful dealmakers.

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