With the gold price rising in Q1 2016 and with the return of the “Generalist Investor” to the Mining Sector, it seems like the worst of the down-cycle is behind us.
The strong down-turn between 2009 and 2015 was perhaps only to have been expected, given the strength of the 2001 to 2008/9 “Super Cycle” driven by double digit Chinese growth. Now, just over six months beyond the “bottom”, we are seeing capital once again being raised by Junior and Mid-Tier companies, especially in the gold sector.
However, conditions are improving as the cycle continues to turn. Appetite is growing for investment beyond the golds and across the global mining finance universe of Australia, London and Canada.
The future is bright – time for more and bigger exploration discoveries.
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