Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
A €1bn Canadian silver mining company has taken a stake in fledgling Dublin-based zinc explorer Group Eleven Resources. The investment by Vancouver-headquartered MAG Silver in the Irish firm is part of a wider fundraising that has seen Group Eleven recently raise almost €1.1m from backers to develop zinc projects in Ireland after the price of the base metal soared 80pc last year.
