Mining investors still suffering the impact brought by the worst year for acquisitions in more than a decade can take consolation from the prospect of a once-in-a-generation opportunity for deals among gold companies in 2016, a study shows.

The odds of more gold deals are being supported by unusual market conditions, as prices for the precious metal have rallied on increased demand for a haven from market turmoil. At the same time, diversified miners continue to sell assets in order to pay down debt.