Global exploration spending dropped 26% in last year, compared with 2013, as several juniors threw in the towel and producing miners slammed the brakes on capital and exploration expenditure.
In a bear market for junior miners, exploration capital can be hard to come by.
December is a period that sees lower levels of exploration and resource announcements, and last month was every bit as disappointing as expected, an SNL report shows.
This video and accompanying infographic from last year explains the basics of raising capital in the mining exploration sector. It covers: private placements, warrants, hold periods, and much more.
Euromax Resources has entered into a $175 million deal ith RGLD Gold, to finance the next stages of development and construction of the company's Ilovitza copper-gold project in the Macedonia.
Speaking towards the overall market Rick noted that, “The market itself is very healthy. You are seeing a transition…a transition that doesn’t suggest, but rather screams that [junior resource issues are] under accumulation—which is a very, very bullish sign.”
Having looked more closely at the situation for Geologists in Australia, where we found that even though there have been job losses, salaries for Geologists have remained pretty constant for those still employed in mining.
Fresh data suggests it is still too early to celebrate a recovery in the sector.
A few weeks ago, we heard from Pierre Lassonde of Franco-Nevada on the power of the royalty business model. Just recently, I spoke with another ‘superstar’ of the natural resource industry — Frank Giustra.
Polar Star Mining Corporation and Iron Creek Capital Corp. are pleased to announce that they have agreed in principle to merge the two companies via a statutory amalgamation, plan of arrangement or similar shareholder approved transaction (the “Transaction”), which will result in Polar Star acquiring all of the outstanding common shares of Iron Creek.
Capital raising for exploration up more than 32%.
The industry’s aggregate market capitalization improved for the sixth month in a row in June, reaching $1.75 trillion, the highest level since January 2013.
Jon Awde, CEO of Gold Standard Ventures, discusses how spectacular drill results have guided Gold Standard Ventures to focus on creating the southernmost mining district of the Carlin trend—the Railroad/Pinion District.
Shouldn’t be but a quarter or two before analyst coverage starts for VMS.
Canada’s newest diamond exploration company, Margaret Lake Diamonds Inc. commenced trading this morning on the TSX-Venture Exchange under the symbol DIA.
A recent tour of the Globe-Miami copper mining district between Phoenix and Tucson, Arizona provided four natural resource writers with an appreciation of the massive scale of mining operations in the region.
The Great White North and especially the Yukon were the “place to be” for juniors just a few short years ago.
The reality distortion field made famous by Steve Jobs’ biographer Walter Isaacson, is a personal intensity and vision so powerful it bends people to your will, convincing them of a project’s higher purpose.
Mining companies that are non-producers obviously don’t generate any revenue. They are junior-level companies in various stages of exploration and/or development. And they primarily rely on investor capital to fund their operations.
But based on the large numbers of juniors to begin 2014 with no funding, experts say the level of drilling activity could be the lowest in years.
Exploration companies operating in the Asian nation have become collateral damage in a criminal case involving former senior government employees at Mongolia's mining regulator.
Only 250 drill reports for the continent over the first five months.
The best indicator of the health of the global exploration sector has fallen to a record low.
Don Mosher, a business consultant with B&D Capital in Vancouver, is sounding the alarm. The TSX Venture Exchange, a once-thriving exchange for junior mining companies, is struggling.
Interview with energy expert Dave Summers on why the coal industry's days aren't necessarily numbered and why new drilling techniques aren't enough to put peak oil off.
Aldridge Minerals is due to release a study on its gold and polymetallic deposit in central Turkey before the end of the month.
Get Mining News and Alerts
sent to your inbox daily