From the previous Financial Post article:

"In an environment like this, the analysts expect M&A will continue to be a key theme in the gold sector. Over the last decade, a lot of the deals have involved large, low-grade deposits. Too many of these turned into disasters for the buyers, as costs went up and writedowns and CEO firings ensued. The analysts wrote that future M&A will likely involve projects with low capital intensity, favourable logistics and strong returns."

Wow, unrealistic expectations or what? Not too many of these projects around anymore. Maybe none. Ike