Endangered Species List – How Has COVID-19 Changed Takeover Targets?

We are updating our Endangered Species List, first published in mid January, which is a list of mining companies that we consider most likely to go extinct (be acquired) in the next 12-18 months. Now that we are past the halfway point of this unprecedented year, we are updating our list of companies we feel are more likely than others to disappear. In our first edition, we outlined the specific criteria used for our selections and a brief rational for the companies we chose. The list of criteria has not changed, but has been tweaked to reflect recent trends. We have decided to subtract three companies from our original list and are adding three in their place.