Mining M&A Enters Growth Phase as Investors Push for Discipline and Execution

Higher metals prices are providing mining firms with extra capital and options for growth, yet investors are less forgiving of complex structures and poor delivery, according to Nicole Adshead-Bell of Cupel Advisory. Speaking on June 4, 2026, she pointed to rising M&A in gold and copper, including Barrick’s potential London listing of African assets possibly involving Endeavour and activist pressure on Northern Star.