Decline was in line with S&P/TSX Composite index, which also plummeted 15% during the quarter.
Toronto Stock Exchange Mining News
Index gained 9% from April to June, outperforming the S&P/TSX Composite index, which gained 6%, and the London Metal Exchange index, which gained 7% in the same period.
The majors continue to focus on rigorous cost control measures and disciplined M&A activities and juniors still seek the right opportunities.
The junior has been accepted for listing in the TSX Venture Exchange (TSX-V).
Overall, their performance has fallen 50% in the past 12 months.
Australia’s No.1 gold producer said the anticipated benefits of being listing in the TSX have not been realized to date
Ernst & Young's most recent Canadian Mining Eye report suggests large companies should consider the option of sharing asset ownership.
A significant bottom in precious metals mining shares may be in the process of forming now.
Canadian gold royalties company Franco-Nevada aims to raise C$340-million in an equity offering, it said on Tuesday. The TSX- and NYSE-listed firm said it would use the cash for acquisitions, working capital and general corporate purposes.