Equity markets sour on junior mining sector
Tuesday, March 5, 2019 - 1:31:39 PM
www.mining.com

According to Mining News Pro - State of Mining Finance 2019, produced by the Prospectors & Developers Association of Canada (PDAC) and junior financing tracker Oreninc, paints a grim picture of mining and exploration companies` ability to attract capital, citing metal price weakness last year as a main driver behind the decline.

Equity markets sour on junior mining sector

Mineral industry equity financing in 2018 dropped by nearly 35% from a year earlier to establish a new decade low for both total value raised and number of transactions completed according to the report titled At a Crossroads.

While funding earmarked specifically for exploration remained above the lows of 2013 and 2015, it more than halved last year to $4.1 billion. That`s also less than ΒΌ of the peak hit in 2012.
Equity markets sour on junior mining sector.