Video: Gold mining faces a cliff after 2025, CRU analyst predicts
Global gold production will peak at about 3,250 tonnes (105 million oz.) next year, according to CRU's Oliver Blagden.
The State of Mining Finance 2019 report produced by the Prospectors & Developers Association of Canada (PDAC) and junior financing tracker Oreninc, shows Toronto’s stock exchanges managed to bump its share of global exploration capital up to 44%.
However, the value of equity raised by juniors on the TSX and TSX-V decreased by 58% and 23% in 2018 respectively.
There is also a change in the way exploration funds are being applied regionally. Oreninc tracks the intended use of proceeds from financings on Canadian bourses, which showed 60% of funds raised are destined for projects outside Canada.
Notable in 2018 is the year-over-year increase in funds flowing to African projects and the more than $600 million decrease in funds used to explore in South America.
Source: State of Mining Finance 2019
2 Comments
Steve Canby
Africa has massive potential, that is not in question. The issue is in cadastre systems, law and its interpretations and loopholes, government attitudes, corruption, finding the right partners, AVOIDING THE WRONG ONES, culture and local customs, logistics, etc. …. and the fact there are 54 recognised states to chose from.
It’s essential, for explorers in particular, to find impartial advice and guidance.
MinEx Associates (www.minex.org) have experience in more than 20 African countries, especially at due diligence and assessment level. Contact MinEx for free, no strings initial support.
Bob Hall
Much of Africa is a political cesspool. It is not about exploring and getting value. It is about being able to transfer that value to long term return. ADVICE:: When wading in a cesspool, wear tall boots. S. America has much less political risk.