Endeavour CEO Says Gold Companies Should Consider Merging

Small gold companies should consider merging to pool sources of funding amid a drop in equity financing, Endeavour Mining Corp. Chief Executive Officer Neil Woodyer said.

This is a “difficult” time for gold companies that need to fund project studies and development, Woodyer said in a phone interview today from Monaco. The value of equity funding and takeovers of small gold companies has declined from last year, according to data compiled by Bloomberg.