Andrew Kaip, managing director of mining equity research at BMO Capital Markets, says the stark reality is that the precious metals sector is only part way through a down cycle and that structural issues will result in a fresh phase of consolidation. He adds that the small to intermediate producers will lead the consolidation charge. In this interview withThe Gold Report,Kaip suggests some suitors and prime acquisition candidates.

http://www.theaureport.com/pub/na/bmo-capital-markets-andrew-kaip-says-get-ready-for-the-consolidation-wave